% Property, Plant and Equipment 922.88 855.62 807.84 8% 14% Goodwill 87.80 87.80 87.80 0% 0% Other assets 67.14 58.30 144.68 15% -54% Total assets 1,601.89 1,828.34 1,879.48 -12% -15% Trade payable 141.68

property, plant and equipment Baht 70 million บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2018 G Steel Public Company Limited

decrease by Baht (10.64) million Trade and other receivable decrease by Baht (13.17) million Inventories increase by Baht 4.61 million Other current assets decrease by Baht (22.69) million Investment in

million, respectively. Major assets were cash and cash equivalents, short- term investments at financial institutions, and property, plant and equipment. As of 31 December 2016 and 31 December 2017, the

assets amounted 804.7 million baht, decreased 5.9 million baht or 0.7 percent compared to current assets as of December 31, 2018. Cash decreased by 1.2 million baht, the trade and other receivable

expenses and employee expense from business segment expansion. Summary of Financial Statement of Positions 30-Jun-18 31-Dec-17 Change %Change Assets Cash and Cash Equivalents 17.8 6.0 11.7 194.4% Trade and

-11.1 -51.8% Trade and Other Receivables 61.1 56.0 5.1 9.2% Property Development Cost 327.5 156.7 170.8 109.0% Other current assets 34.0 26.7 7.3 27.3% Total current assets 433.0 260.7 172.3 66.1

, respectively. Major assets were cash and cash equivalents, and property, plant and equipment. As of December 31, 2019 and June 30, 2020, the Company saw cash and cash equivalents to Baht 49.21 million and Baht

cash equivalents 646.8 870.3 663.1 Short-term investments 449.2 357.7 382.0 Trade and other receivables 429.6 462.6 428.0 Property, plant and equipment 4,417.8 4,689.6 4,800.8 Total liabilities 4,214.1

bank since Q3-2016 for invested in property plant and equipment. The Groups’ financial cost of 2018 total amount of 12.90 Million Bath, reduced by 3.75 Million Baht, or 22.54% compared with 2017 due to