Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2019 of the Company and the
unappropriated retained earnings. Absolute Clean Energy Public Company Limited 140/6 ITF Tower 7th floor Silom road, Suriyawong, Bangrak, Bangkok 10500 Please be informed accordingly, Yours sincerely
1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 8 May 2020 No. ZEN 2563-011 Subject Management Discussion and Analysis for the 1st
Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 31 March 2020 of the Company and the subsidiaries (“the
revenue of Bt33,293mn, improving 2.9% YoY and 1.6% QoQ, driven by strong growth in fixed broadband and non- mobile enterprise business together with a recovery of mobile business. Mobile business improved
dropped -0.5% QoQ, driven by growth in fixed broadband and non-mobile enterprise business with a growth of the mobile post-paid segment. Mobile 5G customers grew significantly with more affordable devices
sale - 37.8 (37.8) (100.0) Other non-current financial assets 3.0 82.2 (79.2) (96.4) Equipment for Lease 358.5 197.5 161.0 81.5 Deferred tax assets 138.0 103.3 34.7 33.6 Other non-current assets 93.7
66.1 32.5 Property, plant and equipment 229.2 96.2 133.0 138.3 Equipment for lease 300.5 358.5 (58.0) (16.2) Deferred tax assets 111.7 138.0 (26.3) (19.1) Other non-current assets 75.8 93.7 (17.9) (19.1