holds 45% as a joint venture. The Company recognized loss from investment in joint venture of Baht 8 million during this period. Financial Position (in comparision to as of 31 December 2018) Overall

Company holds 45% as a joint venture. The Company recognized loss from investment in joint venture of Baht 8 million during this period. Financial Position (in comparison to as of 31 December 2018) Overall

0.96 Equity Multiplier (times) 1.54 1.46 1.43 Financial position Asset For the consolidated financial position as of December 31, 2018, total assets of GFPT Group equal to THB 18,129.66 million including

Multiplier (times) 1.46 1.43 1.40 GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 6 of 14 Financial position Asset For the consolidated financial position as of December

GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 1 of 15 Management Discussion & Analysis Summary of Consolidated Statements of Financial Position of GFPT Public

Company’s tax to paid amount to nil while shareholders of nature person are subject to 10% withholding tax which cannot be tax credited) equal to approximately Baht 1,066,674,100 The Board of Directors fixed

Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2020 3. Financial highlights (based on Thai FRS) Q1 2020 Financial Position Summary as of 31 March 2020 compared to Q1 2019: Note

on Assets (%) 4.78 3.95 6.33 Return on Fixed Assets (%) 36.41 30.95 36.84 Asset Turnover (Times) 1.04 1.11 1.07 FINANCIAL POLICY RATIO Debt to Equity Ratio (Times) 0.26 0.27 0.27 Interest Coverage

received in the future throughout the lifespan of the instruments and the principals to be repaid, discounted as the present value. It is used to measure the rate of return of a fixed income fund, calculated

alongside an expanded base of quality subscribers Fixed broadband revenue reached Bt7,284mn, a strong growth of 155% YoY and 2.3% QoQ. This was driven by an expanded high-quality subscriber base and higher