credit loss Finance costs Other expenses 2,060 1,965 523 96 1.0% 4.3% 10.0% 3,086% 7,832 6,629 1,745 11 8,117 7,263 1,904 98 3.6% 9.6% 9.1% 784% 7,029 5,771 1,826 10 7,387 7,070 1,970 96 5.1% 22.5% 7.9

%) 1,773 2,603 65 857 1,910 2,512 61 765 8% (3%) (6%) (11%) Total Revenues 5,485 5,553 5,459 (2%) (0.5%) 5,297 5,248 (1%) Operating and administrative expenses Expected credit loss Finance costs Other

Finance Costs The Company and its subsidiaries recorded finance costs of Baht 5 million, down 22% YoY, as a result of better interest rate as well as improved management of revolving loan. 6M/2017 Finance

-Australia Collinsville Solar PV Pty Ltd, a subsidiary of RAC, signed Financial Agreement with Clean Energy Finance Corporation (CEFC) with the loan amount of AUD 57 million. Management Discussion and Analysis

upcoming aggressive growth in the future. Q3/2017 Finance Costs The Company and its subsidiaries recorded finance costs of Baht 6 million, down 8% YoY, as a result of better interest rate as well as improved

revenues 3,978.12 3,261.44 716.68 22.0 Cost of sale and rendering of services (excluded Fuel Cost) 1,302.41 1,284.73 17.68 1.4 Administrative expenses 396.63 359.70 36.93 10.3 Finance costs 374.40 361.62

of the insurance company; (b) letter of guarantee of a commercial bank, finance company, or financial institution established under a specific law; (c) other collateral prescribed by the Office

law on commercial bank business(CB); □ A finance company under the law on undertaking of finance business, securities business and credit foncier business(FC,FSC); □ A securities company under the law

□ A commercial bank under the law on commercial bank business(CB); □ A finance company under the law on undertaking of finance business, securities business and credit foncier business(FC,FSC); □ A

loss of THB 254mn, mainly from higher finance cost, due to (i) the full quarter consolidation of the acquired hotel business in Europe in which the foreign exchange (FX) loss from loans revaluation and