campaigns. • Admin and others were Bt4,086mn increasing 25% YoY mainly from higher staff cost and one-time of reverse of handset provision in 1Q17. QoQ, admin and others increased 2.6% from higher staff cost

brands and new products launches, together with the impact of additional provision for retirement benefits at the amount of THB 96.8 million recorded in Q2’19 to reflect severance payment of 400 days of

million which was due to net loss on foreign exchange, loss on disposal of assets, and one-time increase in provision for retirement benefits. Central Retail Corporation Public Company Limited Page 7

phasing of advertising and promotion activities implemented to support growth of existing brands and new products launches domestically and internationally, together with the impact of additional provision

there were provision for assets of subsidiaries set up in 2018 amounting to Baht 28.9 million and reversed loss of impairment of land amounting to Baht 16.2 million. No significant change in

provision for employee benefits increased Baht 0.1 million.  Administrative expenses The Group’s administrative expenses were 181 million Baht, increase of 6 million Baht from the previous year, or 3.5

Loan from financial institutions Baht 1,765 million and Provision for Liabilities from the water business amounted Baht 340.5 million. Shareholders’ Equity As of 31 December 2019, Total Shareholders

provision (284) (584) (525) 85% -10% Depreciation (96) (111) (110) 15% -0.9% Operating profit 9,436 8,279 10,327 9.4% 25% Net foreign exchange gain (loss) 25 6 150 496% 2395% Other income (expense) 117 114

financing facilities resulting in a write-off of deferred financing fee and a payment of prepayment fee in the amount of Baht 230 million and a provision of obsolete inventory in the amount of Baht 27 million

) (3,303) 0.8% -0.5% (11,812) (12,424) 5.2% Bad debt provision (584) (551) (558) -4.5% 1.3% (1,538) (2,199) 43% Depreciation (111) (120) (121) 8.8% 0.5% (414) (464) 12% Operating profit 8,279 9,900 10,315 25