Management’s Discussion and Analysis (MD&A) Page 3 of 15 Diversification into Mixed-use Development Projects In 1Q20, two new residential projects; ESCENT TOWN PHITSANULOK and NINYA KALLAPAPRUEK are launched as

140 million or an increase of 2% compared to the total assets as at 31 December 2019, amounting to Baht 7,617 million. The increase was mainly from advances payment for goods and rights-of-use assets

equipment 10,279.2 15,608.2 (5,329.0) Right-of-use assets 9,732.4 - 9,732.4 Deposits 580.1 643.7 (63.6) Other non-current assets 1,053.3 1,095.6 (42.3) Total Non-current assets 51,728.6 49,318.2 2,410.4 Total

investments in equity funds  Rights of use assets increased by 142.53 million baht due to Rayong Wire Industries Public Company Limited acquiring land lease rights from the Map Ta Phut Industrial Estate for a

Management decided to use deficits from business combinations under common control as a balancing account. The change in this account in each reporting period was due to the difference between the amount that

238.24 million as at December 31, 2019 due to impairment of dead stock and could not to use.. • Intangible assets decreased from THB 172.47 million from December 31, 2018 to THB 1.79 million in December 31

sold out, the company will use the funds for the company’s water project. The company will require such funds during the period between May to September 2020. The rest of the funds for the project will

that KMM owns or is entitled to use. The above transactions (“Komchadluek Business and Trademark Acquisition”) is considered a disposal an acquisition of assets transaction according to the Notification

29.23 million. 3. Property, plant and equipment increased Baht 84.50 million, mostly from the adoption of new financial reporting standards, TFRS 16 Leases, by recognized Right-of-use assets. Total

withholding tax amounting to 24.02 Million Baht as the payment received during the period. - Inventory decreased 80.53 Million Baht due to use of material for construction service during the year. - Investment