September 2018 and deposit received for building lease, following an agreement for the development of mix-used project. Shareholders’ Equity As of 31 December 2018, Shareholders’ Equity was THB 6,078 million

7 3. Business Directions and Operations of Core Businesses 9 3.1 Sustainable Development and Corporate Governance 9 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of

% 23.5% 23.2% 0.3% Expense to operating income ratio 41.9% 45.8% 44.9% (3.9)% (3.0)% 42.8% 47.8% (5.0)% Return on average assets * 1.06% 1.07% 1.10% (0.01)% (0.04)% 1.09% 1.09% - Return on average equity

assets * 1.19% 1.17% 1.16% 0.02% 0.03% 1.18% 1.17% 0.01% Return on average equity * 8.84% 8.74% 9.16% 0. 10% (0.32)% 8.81% 9.12% (0.31)% * Attributable to owners of the Bank V3 22/08/62 3 Million Baht Item

equity holders of the Company (367.7) (152.8) (214.9) (141%) Revenue Revenue from Sales year 2017 was 1,178.2 MB increased by 244.7 MB or 26% y-o-y due to explain in each business segment summary as

the ongoing management of the product mix and improved assortment planning for all product range. This includes product development under the private brand to enhance the gross margin. In March, the

0.51 million or 1.56%, as a result of liability repayment under hire purchase agreement. 3. Shareholder equity as at March 31, 2018 amount of Baht 828.30 million increase from December 31, 2017 by Baht

Administration Expenses Selling and administration expenses in Year 2018 increased by Baht 49.0 million or 7.4%, as result of human resource and IT system development and internal control of subsidiaries

change significantly as it put efforts to maintain and to sustain gross margin percentage for real estate development business. Therefore, gross margin of the Company for the past three years is quite

project with a generating capacity of approximately 50,000 tons per year (the project is under development) Location of business: Jujuy Province, the Argentine Republic, and Nevada State, the United States