exposure is acceptable or not. The Client should also consider a potential of return on acquiring a position, amount of premium and transaction fees and possible losses. 3.2 Fees on Derivatives Trading Prior

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017 MD&A FY 2017 (ended 31 December 2017) 12 FEB 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Thailand’s economic recovery remained on track and

operations and the subsidiary (AIL) is in the process of liquidation and its business is closed. Gross Profit (Loss) The Company has a gross profit from sales of goods and services in the 1st quarter of 2021

Limited (“AIL”) had already registered its dissolution with the Department of Business Development Ministry of Commerce on July 7, 2021 and currently in its liquidation process. Gross Profit (Loss) ท่ีตั้ง

business acquisition 2.2 - - - N.A.(

Department of Business Development Ministry of Commerce on July 7, 2021 and currently in its liquidation process. Gross Profit (Loss) The Company has a gross profit from sales of goods and services in the 3rd

) on forward contracts 11.2 4.5 6.0 (9.5) (15.5) N.A.(100) Gain from business acquisition - - - - - - 2.2 - (2.2) N.A.(

expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project

benefit expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new

employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project development and expenses related to the bidding of the projects for