expenses 29.90 28.27 (1.63) (5.45%) Advisor expenses 3.81 1.95 (1.86) (48.82%) Loss on exchange rate 13.90 - (13.90) (100.00%) Reserve for Doubtful Debts - 4.03 4.03 100.00% Others 9.52 11.27 1.75 18.38

liabilities 5,886.4 5,371.7 514.7 9.6 Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Appropriated - Legal reserve 141.8 45.2 96.6 213.7 Retained

year, which the change was mainly from; • Trade account payable amounted to 30.84 million baht, decreased by 3.94 million baht or 11.33% due to lower raw material reserves. • Provision for long-term

reserves and financial investments were THB 8.7 billion at 31st December 2019 similar to THB 8.7 billion at 31st December 2018 . reviewQ419.xlsx MD&A 2019 24/02/2020 Asset Quality Accounts Receivable Most of

the annual general meeting in April and paid out in May. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st December, 2017 were THB

and cash equivalents in the amount of THB 450.39 million. This was pursuant to the Company’s policy in maintaining liquidity and setting aside cash reserves to be used as working capital in order to

from “Maintenance Reserve Fund” which is attached to the aircraft lease agreement. Aircraft Rental Costs: the aircraft rental costs increased from 1,772.4 million baht to 2,152.5 million baht for year

baht to 3,536.2 million baht for year 2018 comparing to the previous year. These costs mainly incurred for repairing and maintaining the aging aircraft together with additional of maintenance reserve

. However, for second quarter of year 2019, an increase in other revenues was largely derived from cash received from outstanding amount claimed from maintenance reserve fund, gain on sale of assets and

. Retained earnings (deficits) arising from risk prevention equipment with directly recognition to the owner’s equity 26. retained earnings (deficits) 26.1 Appropriated 26.1.1 legal reserve 26.1.2 others 2.6.2