requirement of accounting standards. • Unrealized gain on exchange rate from financing activities in Q3’2019: This item mainly comes from the outstanding of US dollar debts; the company booked unrealized gain

amounted to THB 418 mn and THB 67 mn respectively. The difference versus GLAND’s reported statement of comprehensive income comes from the investment properties that CPN recorded at the time of acquisition

GLAND’s reported statement of comprehensive income comes from the investment properties that CPN recorded at the time of acquisition of GLAND, which reflected the fair value of GLAND’s investment properties

in Q2’2019: This item mainly comes from the outstanding of US dollar debts; the company booked unrealized gain of Baht 277 million in Q2’2019 from the Thai Baht appreciation against US dollar during

143 mn). The difference versus GLAND’s reported statement of comprehensive income comes from the investment properties that CPN recorded at the time of acquisition of GLAND, which reflected the fair

Total 20,602 6 1Q18 MD&A Advanced Info Service Plc. 2018 MANAGEMENT OUTLOOK & STRATEGY Service revenue (excluding IC) • +7-8%YoY (2% of which comes from CSL) Handset sales Consolidated EBITDA margin

decreased in an amounting Baht 31.16 million that mainly comes from the allowance for doubtful accounts Advance payments for purchases of goods were decreased in an amounting of Baht 1.76 million. Mainly came

service for the year ended 31 December 2019 is Baht 3,324.7 million, decreased by Baht 91.0 million or 2.7 percent compared to 2018. The decrease of cost of sales mainly comes from Biomass Power Plants

sectors, which some part mainly comes from export and tourism sectors and internal expenditure rate has gradually expanded as well. These economic situations leaded to quarter 3/201 the Company gained

MANAGEMENT OUTLOOK & STRATEGY Service revenue (excluding IC) • +7-8%YoY (2% of which comes from CSL) Handset sales Consolidated EBITDA margin • Decline and make near-zero margin • 45-47% CAPEX • Bt35-38bn