Liabilities 19,179 20,532 Total Equity (433) 172 Minority 10,937 9,928 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30

of December 31, 2019 The consolidated total assets as of 31 December 2019 decreased by 10% yoy. The decrease was mainly attributable to cash spending on loan repayment as well as investment not only in

million baht or 0.8 percent due to the repayment of short-term loan and long-term loan by replacing with debentures issuance whereas shareholders’ equity stood at 969.0 million baht or increased 243.5

Equity As for the period ending 31 December 2017, the Company had total liabilities equal to 1,527.2 million baht less than 2016 equal to 12.2 million baht or 0.8 percent due to the repayment of short-term

decreased by 12% yoy. The decrease was mainly attributable to cash spending on loan repayment as well as investment in new projects ie. land for new hospital in Saraburi province for THB 54 million and

30, 2020 as follows: Performance Overview For the first six months of 2020, the Company and its subsidiaries had net loss attributable to equity holders of the Company amounting to Baht 49.83 million

TS1 and Gulf TS2 in this quarter, adding our Equity MW under operation to 447.1 MW from 319.3 MW in the same period of last year. • Financial costs decreased by 35.3%, mainly from loan repayment from

: THB 148.13 million) mainly due to decrease in trade and other payables of THB 5.82 and repayment of long-term loan of THB 31.43 million. Shareholders’ equity At the end of 2019, SAAM Group presented

repayment term loan. (7) Share of profit (loss) from investment in associated company and joint ventures In the second quarter of 2020, the Company recognized the profit sharing from Mctric Public Company

rate was decreased and repayment term loan. (6) Share of profit (loss) from investment in associated company and joint ventures In the third quarter of 2020, the Company recognized the loss sharing from