MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2017/18 2 AUG 2017 LIQUIDITY AND CASH FLOW (THB mn) *After tax (THB 38mn) and interest expense (THB 20mn) **Included translation adjustment of THB 0.3mn For

employees’ benefits Baht 3 million with reversed income tax expense of Baht 3 million, less share of profit from investment in joint venture of Baht 46 million, and interest income of Baht 8 million. In

26.3% 581 812 231 39.8% Selling expenses (ICUK) - 171 171 n/m - 330 330 n/m Selling expenses 319 574 255 79.9% 581 1,142 561 96.6% General and administrative expense 116 168 52 44.8% 227 338 111 48.9

561 96.6% General and administrative expense 116 168 52 44.8% 227 338 111 48.9% Total SG&A expenses 435 742 307 70.6% 808 1,480 672 83.2% Our selling expenses amounted to THB 574 million, up by THB 255

costs 129 Doubtful debts expense from advance to suppliers 3 Gain from the Creditor waived the debt (624) Unrealised loss (gain) on foreign exchange (83) (Reversal of) loss on devaluation of inventories

) Gain from the Creditor waived the debt (624) Loss on confirmed purchase orders of undelivered raw material (Reversal of) 178 Loss from disposal of assets 8 Employee benefit obligations 6 Tax expense 7

percent for three month period and decreased by 12.9 percent for the 1st half year respectively. The majority of selling expense was sale personal expenses annually adjusted as normal. However, there was

Rama 2. Moreover, effective cost management measures to control operating and administrative expenses are continuously practiced at all levels of the organization. Hence, administrative expense to total

higher personnel expense of hotel and education business to support business expansion as well as the legal and financial advisory fees of the Mixed-use project, corporate restructuring project and other

, or 2.08 percent in impairment loss on loans and debt securities. Operating profit before provision expense and income tax expense increased Baht 348 million, or 1.49 percent, over-quarter, due largely