n/a 8 168 -15 n/a n/a B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL

11.34 17.34 6.00 52.92% Selling expenses 191.18 182.01 -9.17 -4.80% Administrative expenses 386.17 457.10 70.92 18.37% Finance costs 20.71 25.95 5.24 25.33% Profit before income tax expense 407.36 442.90

percent. The increase in selling and administrative expenses as a result of selling expense in relation to Condominium Project such as transfer fee and specific business tax and remuneration for employee

Operating expenses (316.48) (340.66) Corporate income tax 27.54 (7.25) Operating income 15.48 31.97 Allowance for bad debt and doubtful account (123.46) (1.25) Net income (loss) (107.98) 30.72 - The Company

(99.13) Income tax expenses 5.34 9.67 (44.78) 5.46 (2.20) 10.79 17.84 (39.52) Net profit 20.89 36.30 (42.45) 22.68 (7.89) 43.56 68.95 (36.82) Earnings before interest, taxes, depreciation and amortization

cost 7.06 7.63 -0.57 -7.47 185.52 314.26 -128.74 -40.96 Share of gain/loss from investments in associate 0.00 -0.49 0.49 -100.00 Loss Before Income Tax -20.29 -38.96 18.67 -47.91 Income tax expense -0.05

211 186 25 13.4% Interest and Tax expenses 36 42 (6) -14.3% Share of profit from associate and JV 68 31 37 119.4% Net Profit attributable to equity holders 315 123 192 156.1% Total Revenues Total

associates and joint ventures 29.43 million Baht, the Company has property, plant and equipment factory under construction increased total 207.05 million, decreased deferred tax asset in amount 14.41 million

quarter 2017 2016 Net securities business income 304.42 379.88 Operating expenses (316.40) (340.66) Corporate income tax 27.53 (7.25) Operating income 15.55 31.97 Allowance for bad debt and doubtful account

22,828 3.43% 41,966 3.06% 51,254 3.65% 77,444 5.46% Add Other Income 15,447 2.32% 45,240 3.30% 51,477 3.67% 40,284 2.84% Profit before Interest and Income Tax 38,275 5.76% 87,206 6.35% 102,731 7.32