came from the Company start recognize revenue from large project in second Quarter of 2019 while the same period of current year the Company hasn’t get any large project. Management’s discussion and

(mostly related to Thai Financial Reporting Standard No. 16 (TFRS 16). Other notable cash flow changes were (1) Trade and other Current Payables which increased by THB 80.7 Mn (2) Accrued Expenses which

% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks, Sport Drinks, and Functional Drinks 2

(30.69) (44.72) Inventories 110.48 127.25 16.77 15.18 Property, plant and equipment 182.56 175.56 (7.00) (3.83) Other non-current assets 2.59 3.82 1.23 47.49 Total Liabilities 114.35 79.16 (35.19) (30.77

deposits and 41.5% of current and saving accounts (CASA), an increase comparing with CASA of 40.6 % at the end of 2017. 9 Meanwhile, debts and borrowings were Baht 66,328 million, increased by 17.1% from the

%. Deposits comprised of 58.5% of term deposits and 41.5% of current and saving accounts (CASA), an increase comparing with CASA of 40.6 % at the end of 2017. 9 Meanwhile, debts and borrowings were Baht 66,328

generated more electricity than the previous year. 2.2.2 The profit of SouthEast Asia Energy Limited, a joint venture in the portion of 33.33 percent, increased in the amount of Baht 158.21 million due to the

Fax. 0 2204 2616 Statement of Financial Position (Baht) Liabilities and shareholders’ equity Liabilities Trade and other current payables 65,975.77 Total current liabilities 65,975.77 Long-term

Trade and other current payables 65,975.77 Total current liabilities 65,975.77 Long-term borrowings** 33,000,000.00 Total non-current liabilities 33,000,000.00 Total Liabilities 33,065,975.77

end of 2017. Deposits were Baht 147,006 million, increasing by 10.6%. Deposits comprised of 56.8% of term deposits and 43.2% of current and saving accounts (CASA), an increase comparing with CASA of