(reversal of allowance) for impairment of assets 0.8 0.1% 5.6 0.8% 4.8 600.0%   JAS Asset Management Discussion and Analysis for FS2017 Page2/4 2016 2017 Change MB % MB % MB % Profit before Expenses 106.0

Company’s performance are explained as follows: 2016 2017 Change MB % MB % MB % Rental and Service Income 545.2 97.1% 708.0 94.9% 162.8 29.9% Food and Beverage Income 0.0 0.0% 18.4 2.5% 18.4 n.a. Other Income

. 3.2. Assets, Liabilities & Shareholders’ Equity Current assets are largely in line with no major change apart from a slight increase in stone inventory. Non-current assets have increased due to the

. YTD Balance Sheet Summary as of 30 September 2017 compared to 30 September 2016: Unit: Million Thai Baht (THB) 30 Sept 2017 30 Sept 2016 YoY change YoY % change Total current assets 408.40 366.99 41.42

% Change YoY % YoY Assets Cash 159.47 11.6% 214.94 14.1% 55.47 34.8% Current investments 83.07 6.1% 148.34 9.7% 65.27 78.6% Trade & Other receivable 114.24 8.3% 137.32 9.0% 23.08 20.2% Current contract

assets as of December 31, 2019. A change in total assets of the Company and its subsidiary came from details as follow; Cash and cash equivalent increased by 12.33 million baht or 18.21% from December 31

from change in fair value of biological assets 9.70 Million Baht. The main cause is the value of economic trees that was recorded in the consolidated financial statements as at 31 December 2016

2017 December 2016 Change Amount % Total Assets 14,657 11,113 3,544 +31.9% Total Liabilities 7,930 4,877 3,053 +62.6% Total Shareholders’ Equity 6,727 6,236 491 +7.9% Compared to December 2016, the

% respectively. 2. Financial position Table 4: Overall Financial position As of Dec 31, 2018 % As of Dec 31, 2019 % Change YoY % YoY Assets Cash 111.34 9.1% 159.47 11.6% 48.13 43.2% Current investments 100.00 8.2

momentum after a slow start in Q1 2019. 2. Financial position Table 4: Overall Financial position As of Dec 31, 2018 % As of Jun 30, 2019 % Change YoY % YoY Assets Cash 111.34 9.1% 122.73 9.5% 11.39 10.2