in Plant, Property and Equipment (PP&E) of subsidiaries in which the power plants are in construction. Moreover, for the first half of 2018, GPSC and its subsidiaries had received net cash of Baht

milk, drinks 564.30 472.24 1,071.06 975.79 92.06 19.49 95.27 9.76 Immovable property business 3.06 3.47 6.10 6.42 (0.41) (11.82) (0.32) (4.98) Agriculture and dairy farm 13.66 15.33 29.38 32.43 (1.67

-drink milk, drinks 599.30 498.91 1,670.36 1,474.70 100.39 20.12 195.66 13.27 Immovable property business 2.96 3.15 9.06 9.57 (0.19) (6.03) (0.51) (5.33) Agriculture and dairy farm 12.44 13.73 41.82 46.15

ready-to-drink milk, drinks 602.33 564.30 1,230.38 1,071.07 38.03 6.74 159.32 14.87 Immovable property business 1.23 0.47 0.95 0.87 0.76 161.83 0.08 9.67 Agriculture and dairy farm 13.72 13.66 32.69 29.38

according to the additional paid up in the capital of GPSC’s associates and in increase in plant, property and equipment (PP&E) of subsidiaries in which the power plants are in construction. Moreover, for Q1

(THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +66% YoY +7% QoQ

1H/2016. Financial Performance Project UpdatesExecutive Summary Natural gas (IPP) Natural gas (SPP) Maintenance fee Others Other raw materials Cost of sales and services (exclude depreciation and

due to the effect of an annual selling price adjustment, a change in foreign currency exchange rate and an increase in the cost of goods sold resulting from a continuously high cost of raw materials

107.52 104.45 3.07 Immovable property business 2.72 3.17 (0.45) Agriculture and dairy farm 10.14 12.66 (2.52) Total 120.38 120.28 0.10 - Business distributor of ready-to-drink milk, drinks and fruit juices

fruit juices 507.48 423.33 84.15 Immovable property business 13.77 12.50 1.27 Agriculture and dairy farm 43.45 41.41 2.04 Total 564.70 477.24 87.46 - Business distributor of ready-to-drink milk, drinks