disclose the related party transaction to the SET. 6. Criteria for determination of the compensation The fee for this transaction is determined by agreed price between the Executive Directors of Carnival
that determined by the prospect lenders of the solar power plant project about the equity injection according to the term sheet for the loan. However, the Company well realizes the problem of high
the amount determined by the Derivatives Exchange and are unable to offset such excessive position as informed by their derivatives agents will be exposed to the similar foregoing risk. 3.4 Risk
, such applicant shall be exempt from having the qualifications as determined in the first paragraph. Clause 7. Any person to be approved to be listed in the register of person qualified to be property
line of work relating to capital markets, such applicant shall be exempt from having the qualifications as determined in the first paragraph. Clause 7. Any person to be approved to be listed in the
Interest-bearing Debt/Equity Ratio 0.58x 0.58x 1 Net profit margin is calculated by dividing the Net Profit attributable to Owners of the Parent by Revenue from Sales and Services and Share of Profit from
to gains on sale of investments. * The operational results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development
-bearing Debt/Equity Ratio 1.32x 0.62x 1 Net profit margin is calculated by dividing the Net Profit attributable to Owners of the Parent by Revenue from Sales and Services and Share of Profit from
of THB 13mn. 5 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 NINE-MONTH CASH FLOW SNAPSHOT KEY FINANCIAL RATIOS 1 Calculated from operating