11 Management Discussion and Analysis Fiscal year ended February 28, 2019 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) already submitted the audited financial statements for

reviewed the 2 nd quarter financial statements as of August 31, 2018 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized as follows. Overview

was increased from Financial Institutions Policy Committee announce to decrease the interest’s policy rate. 4.3 Shareholders' equity The overall shareholders' equity from the year end 2019 was decrease

) (44.50%) (38.91) (21.71) (17.12) (79.23%) Management’s discussion and analysis for the Quarter 2’ 2020 3 / 7 Profit Sharing for the Period - The Company’s Equity (29.87) (21.52) (8.35) (.%) (36.50) (22.24

foreign trade receivables about USD 24.11 million. Financial Costs For the year ended 31 December 2019, the Company had financial costs in total of THB 94.72 million, an increase of THB 27.35 million or

the 2nd quarter financial statements as of August 31, 2019 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized as follows. Overview

: million Baht 31 December 2019 31 December 2018 F in a n ci a l S ta tu s Total Liabilities 2,194 5,607 Total Asset 15,488 18,824 Total Equity 13,294 13,217 The Company posted an Operating EBITDA loss of THB

-term investment amounted to THB 4,038 million; with total liabilities of THB 3,762 million; and total equities of THB 9,080 million. In this regard, The Company is still in a strong financial position

% Total liabilities 2,594 5,607 (54%) Total equity 13,710 13,218 4% Total liabilities and equity 16,303 18,824 (13%) Table 5: Condensed Statement of Financial Position GJS บริษัท จี เจ สตีล จ ำกัด (มหำชน) G

million baht or 72.9 percent. After corporate income tax, net profit was 263.7 million baht of which gain attributable to equity holders of the Company at the amount of 249.3 million baht. Earnings per