is depended on the agreed price together with the appraisal value which has been made by the independent valuators certified by the Securities and Exchange Commission. 8. Benefits expected by the

and sellers. 8. Benefits expected by the Company 1. Expansion of scope of business into the growth business related to health and aging society business which related and mutually supporting with main

)% 3.6% Interest expenses Deposits 5,288 5,616 5,102 (5.8)% 3.6% Interbank and money market items 405 310 257 30.6% 57.6% Contributions to the Deposit Protection Agency and Financial Institutions

15,981 1.8% Interbank and money market items 593 676 307 (12.3)% 93.2% 1,673 805 107.8% Contributions to the Deposit Protection Agency and Financial Institutions Development Fund 2,479 2,498 2,442 (0.8

on finance cost; and • A 8.0% decrease year-on-year in interest expense from ABPIF from Baht 594 million in 2016 to Baht 546 million in 2017 based on the benefits transferred from the business

increase of 4.5% YoY and 4.4% QoQ in spite of rising network D&A. As a result of recurring tax benefits from investments in 2016 and 2017, effective tax rate stood at 17% in 1Q18. 4 1Q18 MD&A Advanced Info

considered as an operation lease because land is usually given unlimited economic benefits and recorded as the deferred income. Shareholder’s equity As of 31 March 2018, the Company had total shareholder’s

performance is expected to rise from Q3/2018 onwards, as the Company will be able to get more benefits from those investment projects. In the past 3 years, the Company has been building its foundation and

Administration. MACO will leverage the benefits of digitalising its prime media inventory - such as higher visual impact advertising - by converting its existing 188 static street furniture panels to 42 LED

liabilities Provision for long-term employee benefits 39.65 1.68% 36.51 1.55% Total non-current liabilities 39.65 1.68% 36.51 1.55% TOTAL LIABILITIES 735.67 31.19% 677.43 28.68% SHAREHOLDERS’ EQUITY Shareholder