period of the year 2017, which resulted in the increase of net asset value in AUD Currency. Conversely, the loss on exchange rate in the nine-month period of the year 2016 was Baht 1,012.07 million due to

from Baht 157.66 million in the previous year. The main reason was the appreciation of AUD currency in relative to USD currency, resulting in the increase of net asset value in AUD currency. Management

Equity (%) 15.32% 17.67% 23.26% Return on Assets (%) 10.66% 12.25% 16.37% Return on fixed assets (%) 89.99% 116.94% 161.08% Asset turnover times 1.09 1.06 1.17 Financial Policy Ratios Debt to Equity times

loan ratio was 3.67%, increased from 2.77% at the end of last year. The coverage ratio of allowance for doubtful accounts to accounts receivable overdue more than 3 months (NPLs) was 119% at February 29

purchases of equipment and asset under construction was Baht 98 million. Equity injection in XPCL was Baht 97 million. Meanwhile, the dividend received from joint ventures and other company were Baht 400

reason was from loan to related parties in AUD currency. As AUD currency depreciated in relative to USD currency, the asset value in AUD currency decreased. Management Discussion and Analysis For the Three

also contributed to the total asset, most of which were an increase in the payment of the remaining construction fee and equipment of Kasemrad International Hospital Aranyaprathet, assets under

Baht 893 million. Equity injection in XPCL was Baht 160 million. Cash payments for purchases of equipment and asset under construction were Bath 218 million. Cash payments for purchases of land around

deferred tax asset because the management expected that it could not be used for future tax benefits. Other non- current assets decreased by 17. 9 MB, representing a decrease of 19. 1% mainly due to the

Project, OFC ICONSIAM, True Coverage Expansion, Underground Electricity System - Nirvana (Rama9-Krungthep Kreetha). However, the revenue from the business decreased as in 2018 the delivery units of