E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

Conversion Project in preparation for compliance with IFRS 9, and progress was steady. In 2018, the project worked with public agencies via the IFRS Club and the Thai Bankers’ Association, and reached a

cannot generate revenue immediately; some investments are not fully utilized or have not reached an optimal level yet; and some projects are delayed. Thus, costs per unit climbed up at this point; 4

yet reached the invoice. As the result, the trade receivables decreased but the unbilled receivables increased. Unbilled receivables increased 1,417.3 MB or 252.9%, because the large-scale projects had

movement as follows:  Cash and cash equivalent increased Baht 8.07 million or equivalent to 15.29 % because the 6- moth fixed deposit reached maturity and the Company changed it to be 3-moth fixed deposit

.06%, mainly due to decreasing of current investment in amount of Baht 15 .00 million (because it reached the maturity term and became 3-months deposit so it was classified as cash and cash equivalent

. The progress of a new non-hazardous waste landfill is approximately 50 percent, it is expected to be complete within Q4/2017. GENCO and OTANI (Japan) have reached an agreement to invest in a pre

decreased in Baht terms due to the Baht’s continued to strengthening against the USD in the period (Table 1, Y-o-Y effect of change in FX rates on sales was Bt214 million). USD Sales reached a new high of

million or 44. 7% when compared to the same period last year. In addition, the attendees increased by 10% and cash flow from the event reached Baht 2,000 million. Most attendees were interested in IT

golfers. As a result, the June revenue of this year reached 70% of revenue in June last year and the number of bookings was close to its normal level in the following month. For the property management