increased by Baht 63 million or 6% from Q1/2018. The increase in NNP was mainly due to improved performances of the company’s Independent Power Producer (IPP), Small Power Producer (SPP) and Very Small Power

Position Analysis 26 4.3 Loans and Deposits 28 4.4 Treasury Operations 32 4.5 Operating Performances of K Companies and Muang Thai Life Assurance PCL 33 4.6 Capital Requirements 34 4.7 Credit Ratings 36 5

Position Analysis 22 4.3 Loans and Deposits 24 4.4 Treasury Operations 28 4.5 Operating Performances of K Companies and Muang Thai Life Assurance PCL 29 4.6 Capital Requirements 30 4.7 Credit Ratings 31 5

. Operating Performance and Financial Position Analysis 38 4.1 Operating Performance 38 4.2 Financial Position Analysis 43 4.3 Loans and Deposits 46 4.4 Treasury Operations 49 4.5 Operating Performances of K