0.66% Rental and services revenue 37.99 34.80 (3.19) (8.41%) 120.67 117.75 (2.92) (2.42%) Construction revenue under Concession Agreements(1) 44.00 58.39 14.39 32.70% 192.34 170.99 (21.36) (11.10%) Costs

OJK’s approval of the proposed acquisition structure. 7. Tentative Timeline The Bank will be proposing the Transaction to its shareholders for approval at the appropriate time prior to completion of the

%) Construction revenue under Concession Agreements(1) 61.59 83.31 (21.73) (26.08%) 232.57 275.65 (43.08) (15.63%) Costs of Sales and Services 577.61 584.67 (7.06) (1.21%) 2,219.31 2,224.55 (5.24) (0.24%) Raw water

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE In

and properly managed.  Credit Risk Management ‘Credit risk’ refers to risk whereby a counterparty or borrower may default on contractual obligations or agreements, or have an intention not to abide by

.  Credit Risk Management Credit risk refers to risk whereby a counterparty or borrower may default on contractual obligations or agreements, or have an intention not to abide by an agreement, resulting in

7.4 738.4 151.5 Gain from transfer of right for land purchase and sale agreements - - 312.0 1.9 312.0 100.0 Gain on disposals of investment in subsidiaries 641.1 6.4 314.8 1.9 (326.3) (50.9) Other

the Company’s managements and operations. 2) Announcement of JV agreements with Tokyo Tatemono Asia Pte Ltd. (“Tokyo Tatemono”) to jointly develop 2 luxury condominium projects in Sathorn 12 and in

3,689.6 91.9 8,837.2 82.6 5,147.7 139.5 Revenues from project management - - 1,037.4 9.7 1,037.4 100.0 Gain from transfer of right for land purchase and sale agreements - - 312.0 2.9 312.0 100.0 Gain on

) (4) Current liabilities under lease agreements 15.26 - 12.78 100 Other current liabilities 3 106.63 109.50 (2.87) (3) Non- current liabilities Liabilities under financial lease agreements - 8.20 (0.54