currency. In contrast, the Company recorded gain on exchange rate of Baht 200.65 million in the 3 rd quarter of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the

due to the THB appreciation. Current assets increased THB 1,230mn to THB 7,821mn at the end of 2019, while non-current assets decreased THB 1,659mn to THB 45,710mn; the change in the current and non

operations rose by Baht 3,582 million due to the Baht’s appreciation. Contingent Liabilities Million Baht Item September 2018 June 2018 December 2017 Change (%) June 2018 December 2017 Avals to bills 7,490

Quarter Change (%) 1/2018 4/2017 1/2017 4/2017 1/2017 Net profit * 9,005 8,496 8,305 6.0% 8.4% Earnings per share (Baht) 4.72 4.45 4.35 6.0% 8.4% Net interest margin 2.34% 2.31% 2.35% 0.03% (0.01)% Net fees

of 2017. The change was due to the decreased lease receivable, calculated according to the Effective Interest Method. Management Discussion and Analysis For the Three-month and Six-month Periods Ended

change. Other income Other income worth 725 million baht in 2019 consists of the following key items; - Interest income of 238 million baht, decrease about 2.4 million baht from 2018 due to some of

of the financial statements of foreign operations rose by Baht 5.0 billion due to the Baht’s appreciation. Contingent Liabilities Million Baht Item December 2017 September 2017 December 2016 Change

of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of net asset value in AUD currency. 2.2 Share of profits of associated entities and joint ventures

year ended % Change 2019 2018 THB Mil % THB Mil % Revenue from sales or services 1. Visual effect 53.6 27.3 57.6 33.2 -6.9 2. Animation movie 94.2 47.9 57.5 33.1 63.8 3. Game & Production 47.9 24.4 55.6

revenue, after revenue recognition from Sun Express Logistics Pte. Ltd., revenue was shifted to an increase in revenue from Air Freight. Significantly Summary of change in proportion Revenue from Sea