in 4Q18 following currency fluctuation in the quarter while foreign debts were all fully hedged. Finance cost was Bt1,217mn decreasing 5. 8% YoY and 5. 5% QoQ due to lower deferred interest from

- (Reverse of) loss on devaluation of inventories (85) 6 (1412%) Total cost of sale 3,701 7,591 (51%) Selling expenses 45 92 (51%) Administrative expenses 131 122 8% Finance costs 127 112 14% Total expenses

expenses 141 126 (12%) Loss on confirmed purchase orders for undelivered raw material 0 24 100% Net foreign exchange loss 0 184 100% Finance costs 100 117 15% Total expenses 4,094 8,278 51% Profit (loss) for

) (36.5) 13.2% (75.8) (44.9) 68.7% Finance Costs (84.1) (104.9) -19.8% (161.0) (198.5) -18.9% Share of Profit from Investments in Associates and Joint Ventures 752.7 246.8 204.9% 1,091.9 906.1 20.5% Income

%) Finance costs 296,397 268,771 10% Total expenses 5,920,497 9,232,355 (36%) Loss before income tax expense (222,985) (1,400,857) (84%) Income tax expense - - - Loss for the period (222,985) (1,400,857) (84

net loss of Bt129mn in 1Q18. The gain was incurred from partially-hedge CAPEX payables following currency fluctuation. Finance cost was Bt1,290mn decreasing 2.6% YoY from lower interest-bearing debt and

completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 510.5 MW • Finance costs decreased by 25.3%, mainly from the fact

to 510.5 MW. Such impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. • Finance costs decreased by 25.3%, mainly from the fact

126 0% Loss on confirmed purchase orders 24 28 (14%) Net foreign exchange loss 184 0 100% Finance costs 117 69 70% Total expenses 8,278 3,574 132% Loss for the year (451) (233) 93% Basic loss per share

in 2Q18, following currency fluctuation in the quarter. Finance cost was Bt1,277mn decreasing 4.6% YoY and 1.0% QoQ due to lower deferred interest from spectrum licenses. Average cost of borrowing