22.41 percent of the total assets, of which 27.66 percent are finished products, 21.77 percent are work in progress and 31.52 percent are raw materials. The Corporate Group conducts inventory inspection

4,508 million, an increase of THB 754 million or 20.1% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1

(-4.93), and (4) decrease in Online sales by THB 64.68 million (-2.73%). Despite the plan to introduce additional Apple’s products and smartphones in 2023 to uplift Advice brand, the Company’s sales

the purchase of raw materials and components to produce finished products OEM. Income taxes payable decreased from paying mid year corporate tax returns, other current liabilities increased due to

seller are not able to fulfill the conditions precedent for the third completion of the share sale and purchase since the negotiation on other essence matters have yet to be completed, the Company has yet

of the year 2018 that the Company had received which those had already worked partly but not yet reached the invoice. As the result, those had recognized the revenue by completed of work. The Short

been completed on 19 February 2020. Page 2 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 On 11 December 2019, S Residential Development Co., Ltd., one of the Company’s

revenue was closely to the previous year. Cost of service for operation of Expressway business consisted of costs of toll, amortization of rights to operate completed expressway sectors and compensation for

kilometers and 20 stations, connects with the MRT Chaloem Ratchamongkhon at Bang Sue Station and Hua Lamphong Station. The completed and operated date is within 36 months from the date the MRTA gives the

been completed. Currently, the Court has been ordered to stamp the two lawsuits and scheduled to examine the testimony of the defendants for both cases by August 2017. 2. Cases with Final Judgment