long-term loan repayment to financial institutions by Baht 55.69 million. The Company had shareholders’ equity of Baht 1,243.62 million as at March 31, 2019, a growth of Baht 957.89 million or 335. 24

11.54 million Baht 12.09 million 104.77 1.6 Administrative expenses Baht 163.11 million Baht 125.27 million Baht 37.84 million 30.21 1.7 Finance cost Baht 55.50 million Baht 49.92 million Baht 5.58

% Finance costs (33,716) (43,074) -22% (19,474) (21,032) -7% Profit (loss) before income tax 200,062 (88,482) 326% (7,853) 40,006 -120% Income tax (6,125) (9,765) -37% (4,171) (8,300) -50% Profit (loss) for

35.11 81.96% Selling expenses 9.20 4.08 5.12 125.49% Administrative expenses 14.60 15.81 (1.21) (7.65%) Finance cost 1.02 0.88 0.14 15.91% Profit before income tax expenses 111.79 33.39 78.40 234.80

99.93% Selling expenses 12.23 4.58 7.65 167.03% Administrative expenses 19.75 14.31 5.44 38.02% Finance cost 0.53 0.89 (0.36) (40.45%) Profit before income tax expenses 113.42 55.02 58.40 106.14% Income

(77,391) (90,438) -14% (175,229) (163,963) 7% Finance costs (32,990) (41,363) -20% (66,706) (84,437) -21% Profit (loss) before income tax (37,427) (115,017) 67% 162,635 203,499) 180% Income tax (10,117

4.21 million 16.43 1.6 Administrative expenses Baht 133.79 million Baht 121.12 million Baht 12.67 million 10.46 1.7 Finance cost Baht 51.46 million Baht 60.01 million Baht (8.55) million (14.25) 2. The

Company Limited Shareholders' equity as at 30 June, 2020 was Baht 4,545.94 million. Increased amount of Baht 1,375.25 million or 43.37% due to fair value measurement of investment through other

/a 1,320.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS

Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION FINANCIAL PERFORMANCE 8 Finance Cost