our associate and our joint ventures namely ABPIF, BGYSP and BGSENA Gain (Loss) on Exchange Rate • We recorded a loss on exchange rate of Baht 38 million in 2017, primarily attributable to an unrealized

of a change in foreign currency exchange rates. In addition, the company realized a gain of Bt.40.8 million on its previously-held equity interest in an associate (KCE America, Inc.) prior to its

% Administrative expenses (663.1) (25.7%) (1,083.8) (28.4%) (420.7) 63.5% Other income 489.6 19.0% 199.8 5.2% (289.8) (59.2%) Share of profit (loss) from investment in an associate and joint ventures 83.6 3.2% 20.2

informed accordingly, Yours sincerely, (Associate Prof. Dr.Chiraphol Chiyachantana) Authorized person for disclosure of information

sincerely, ........................................................ (Associate Prof. Dr. Chiraphol Chiyachantana) Authorized person for disclosure of information

(44.66) Interest on margin loans 60.89 4.11 60.89 4.11 Gain and return on financial instruments 172.82 7.55 172.82 7.55 Shares of loss from investments in an associate and a joint venture (19.59) 15.23

148.57 20.29 Interest on margin loans 80.53 3.27 80.53 3.27 Gain and return on financial instruments 250.83 21.98 250.83 21.98 Shares of loss from investments in an associate and a joint venture (22.25

essentially due to the one-off gain and dividend income of Thai Wah Public Company Limited totaling Baht 373 million when it was transferred from other investment to investment in associate in 2016 which was

Baht 1,089.5 million (2017: Baht 917.1 million) which increased by Baht 172.4 million or 18.8%. The profit before finance costs, share of profit of investment in associate and income tax were Baht

(26.23) million Inventories increase by Baht 6.55 million Other current assets increase by Baht 8.96 million Investment in associate increase by Baht 3.63 million Property, plant and equipment increase by