million or 23.34% from the year end of 2016. mainly due to the decrease in land, property, plant and equipment in amount of Baht 150.80 million or 34.00% according to lower number of active outlets and

amounted to 131.44 million baht. Most receivables were undue receivables and the unpaid amount did not exceed three months, which was according to a normal credit term for general clients. • Net land

THB 1,140 mil. primary due to Tender Offer in TBSP at THB 964 mil. and additional investment in Land 43 Rai for new smart factory of TBSP approximately THB 255 mil. Net consolidated cash provided from

raw materials for customers in manufacturing. - Investment in the associated companies decreased by Baht 126.91 million, due to the recognized share of profit in the associate companies. - Land

Q3/2019 Baht 6.21 million Revaluation surplus on land increase by Baht 479.52 million Cash Flow Statement Cash Flow Statement for the nine months period ended 30 September 2019, the company has cash

and land. Administrative Expenses For the first nine months of 2019, the Company and its subsidiaries had administrative expenses of Baht 1,934.14 million, increased by Baht 532.65 million or 38.01

- IT system development and internal control improvement of subsidiaries - Loss on change in fair value less cost to sale of biological assets - No gain on sales of deposit for land Financial Position

from financial institution increase by Baht 39.10 million Shareholders’ Equity Net operating profit for the year Baht 1.47 million Revaluation surplus on land increase by Baht 479.52 million Cash Flow

. However, other revenues in 2018 caused by the gain from the transfer of rights and obligations in the land purchase and sale agreement in the amount of 5.34 million Baht. Personnel expenses For the year

copy of Audited Financial Statements for the year ended 31 December 2019 The Company, Land and Houses Public Company Limited, would like to submit the audited financial statements for period of the year