loan from financial institutions increased by 650.0 MB, because in 2021, many large-scale projects are still in the process of payment from receivables which has been delayed due to the impact of the
partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020
quarter of year 2022 4 the delayed impact from price adjustments were recorded in Q3 2022 (3 months) leading to improved Gross profit margin for Q3 2022 (3 months). Selling and administrative expenses
of investments in associated companies and the result of associated companies’ delayed revenue recognition due to the delay in delivery of work. Consequently, in 6M2023, share of loss of investments in
% YoY. This was mainly due to the Company’s amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue
and constructions of new housing projects have been delayed. Except for product sales through small to medium sales representatives, which are located throughout the country, that could still open for
expansion due to ongoing recovery in private consumption and the tourism sector during the festive season, despite delayed government budget disbursement. Overall, AIS reported core service revenue of
Power Business performance in a form of (i) Share of Profit and (ii) 4 Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant
to capital increase in joint ventures proportionately. 3. Increase in investment available-for-sale of THB 946.4 mm, mainly from reinvestment in WHART to maintain 15% stake and increase in market