increase of THB 380mn or 23.3% from THB 1,631mn as of 31 December 2016. Total current assets were THB 668mn, decreasing by 21.2% or THB 180mn. This was primarily attributable to the decrease in cash, cash

Analysis (MD&A) for year 2017 14 Appendix Unit : Million Baht For the year 2017 For the year 2016 % Increase (Decrease) Income Revenue from sale of goods 15,178,062 11,669,472 30% Net foreign exchange gains

Company and subsidiary’s amounted to Baht 5,192 million, decreased by Baht 2,623 million or 34% YoY. Mainly came from the decrease of sale volume. The Company and subsidiary recorded a sales volume of 260

million, a decrease of THB 266.8 million YoY (or -4.3%) due mainly to lower sales from Beverages segment (THB -276.8 million or -5.9% YoY) and lower OEM bottles sales (THB -72.5 million or –25.4% YoY

Services (AHS), and offset by THB 42mn loss in other associates/JVs. Finance costs were THB 793mn, decrease 5.0% YoY or an amount of THB 42mn, as a result of loan repayment and prepayment, and partially

% vehicle registration loan) Causing Singer to earn higher interest income and there was a decrease in NPL due to adjusting the proportion of credit portfolio to have more quality. NPLs in the group of auto

repaid. (9) Statements of Comprehensive Income Profit for the year 2019 amounted to 34.8 million baht but when compared with last year’s profit, 119.4 million Baht, the total decrease is of 154.2 million

1.7% QoQ as the cost of utility started to decrease offset by increased NT’s partnership cost and maintenance costs. • Regulatory fee was at Bt1,369mn, a decrease of -0.4% YoY and -1.8% QoQ. The

9M19, 43% drop from 9M18 and THB 41m in 3Q19, 65% declined from 3Q18, due mainly to the decrease in revenue from business management service. Page 6 of 8 Singha Estate Public Company Limited Management

Analysis for the year 2019 4 Accounting Standard. Other income which consisted of dividend income, consequently increased in the year 2019, in accordance with a decrease in share of profit from investments