December 31, 2018 Variance Long-term loans from related party – net of current portion 11,239.8 11,331.0 (91.2) Employee benefits 1,016.2 722.6 293.6 Deferred tax liabilities 5,099.2 5,330.3 (231.1) Other
/2018. This was due to the deferred tax of Baht 70 million from closing ILM Malaysia, recognized in Q4/2018. Q4/2019 vs Q3/2019 (QoQ) 2019 vs 2018 (YoY) • Finance costs were Baht 45.5 million in Q4/2019
% Extraordinary Items: Add: Revenues from Amortization of Deferred Rental Income CGBS 25.3 0.5% 25.3 0.5% - - Net Profit/(Loss) 368.5 7.6% 321.9 6.8% +46.6 +14.5% (1) Costs of Sales EXCLUDES Depreciation and
%) which is the impact from decrease in current liabilities amounting to THB 3,931 million since there was recognition of reversal of provision from deferred difference debt restructure and recognition of
852.3 Long-term loans from related party – net of current portion 11,331.0 11,365.3 (34.3) Deferred tax liabilities 5,330.3 4,576.0 754.3 Total non-current liabilities 22,948.7 21,240.6 1,708.1 Total
increased 25.6% y-on-y (Baht 39 million in Q1’2018 to Baht 49 million in Q1’2019) and 6.5% q-on-q (Baht 46 million in Q4’2018 to Baht 49 million in Q1’2019), primarily attributable to a record of deferred tax
lease of aircraft and Finance lease liabilities – net of current portion 5,312.8 5,502.9 (190.1) Long-term loans from related party – net of current portion 11,276.9 11,331.0 (54.1) Deferred tax
(54.1) Deferred tax liabilities 5,376.0 5,330.3 45.7 Other non-current liabilities 806.4 784.5 21.9 Total non-current liabilities 22,772.1 22,948.7 (176.6) Total liabilities 30,588.3 31,288.9 (700.6
(32.4) Deferred tax liabilities 5,388.3 4,576.0 812.3 Total non-current liabilities 22,131.3 21,240.6 890.7 Total liabilities 29,627.6 29,556.0 71.6 23 ASIA’S BOUTIQUE AIRLINE Current liabilities Total