from loans and warranty cost from service agent. Interest-bearing debt to Equity ratio increased to 1.13, mainly from investment loans and working capital. Return on Asset stood at 13.2% which increased

result, the Net profit attributable to Equity holders of the Company of Bt970.6 million, a decrease of Bt126.5 million or 11.5%(y-o-y) from Bt1,097.1 million in 2016, representing a Net profit margin of

(Loss) attributable to equity holders of the company (277.59) (243.35) (34.24) (14.07) Financial Position as at December 31 (Unit : Million Baht) 2019 2018 Inc./(Dec.) % ( A d jus ted an d R ec l as s i f

million, which is increased by Baht 10 million or 43% compared to those of the prior year. It is due to the increase in loans obtained from financial institutions for the purpose of working capital of the

loans. c) Increase in Trade payable from deposits and down payments of The ESSE at Singha Complex. Total equity stood at Bt18,402mn, grew by 19% from end of FY2016, mainly from the increase of capital, as

6 Total equity stood at Bt19,096mn, grew by 23% from end of FY2016, mainly from FY2017 net profit and the increase of capital, as previously mentioned. Capital Structure Net interest-bearing debt to

. . . . % Profit Sharing for the Year - The Company’s Equity . . . . % - Non-controlling Interest ( . ) ( . ) . . % Management's Discussion and Analysis and operating results for the Year 2017 Page 3 / 10 3.1

40.9 2.5 Total shareholders’ equity 4,053.3 3,737.7 315.6 8.4 Issued and fully paid- up capital increased by 133. 6 MB or representing an increase of 10. 0% , and share premium increased by 133. 5

expansion. In total, the Group opened a total of 100 new branches, divided into 71 equity branches owned by the Group and 29 franchise branches both domestic and international. Most new branches were under

income - net of tax 0.68 0.00 0.68 100.00% Total Comprehensive income for the Year (3.20) 21.69 (24.89) (114.75%) Profit Sharing for the Year - The Company’s Equity (4.44) 22.06 (26.50) (120.13%) - Non