interest rate swaps Forward foreign exchange contracts Currency option purchase สัญญาอ่ืนๆ ในลกัษณะเดียวกนั 2การค านวณตาม scenario approach ให้ด าเนินการตามค าอธิบายประกอบการค านวณเงินกองทุนสภาพคล่องสุทธิ

Equity ratio2 stood at 0.92 times as of 30 June 2019, decreased from 0.94 times as at end of 2018 1 Backlog include only sold units with sales and purchase agreements 2 Calculated from interest-bearing

-current assets Advance payment for purchase of property, plant and equipment 210 210 0% Property, plant and equipment 14,427 14,638 (1%) Intangible assets 6 6 (8%) Other non-current assets 300 313 (4

accounts receivable of Baht 72.80 million, increase in other current assets and other non-current assets of Baht 3.56 million, increase in cash advance payment for - 7 - purchase of assets of Baht 8.73

that Lertsamartyotha, which is not the Company’s connected person, was an only company who joined the auction and proposed to purchase the Land at Bueng Kham Proi at THB 35,000,000 (thirty five million

of changes in this report are based on the adjusted accounting policy and reclassification 1 Backlog include only sold units with sales and purchase agreements 2 Calculated from interest-bearing debt

accounting policy and reclassification  1 Backlog include only sold units with sales and purchase agreements Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31

with Sansiri 31 March 2020: The Company entered into transaction to purchase and sell ordinary shares of joint ventures between the Company and Sansiri as follows; MANAGEMENT DISCUSSION & ANALYSIS 1Q

Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects

liquidity analysis, current ratio decreased to 0.44 times because of decrease in cash on hand and increase in payable for purchase of fixed assets. Debt to equity ratio was at 0.97 times in-line with