tariff is relatively lower than other projects and 2) the lower of natural gas price of 4.4% y-on-y in Q4’2019 which generally reflects our steam price. Electricity Sales to PEA / MEA • Electricity sales

estimate the rental throughout the contract period to turn to be a liability and record asset from right of use of assets in the financial statements. However, the aforementioned increase still be lower the

consolidated financial statements, it was found that in 2019 the Company had gross profits from a consolidated financial statement equal to 1,413.0 million Baht or equivalent to 56.0 percent, which was lower

from gross profit in this year, the company has lower gross profit which makes the commission decreased too. Administrative expenses of the company for the year ending December 31, 2019 and December 31

in Q4-2016 and received in late 2019 led to lower expenses of Q4-2016 than those of other quarters in comparison. Financial Analysis of the company As of March 31, 2017, the Company has financial

clients with EARTH shares as collateral and underlying securities in trading. The higher or lower of figures stated earlier may be subjected to the future resolution plan of EARTH. The operating results in

on middle to lower-middle income earners in order to gain cost advantage. The locations for project development are around Bangkok peripheral area and the average selling price per unit is maintained

for this decrease in net profit is due to the lower sale and gross profit as mentioned before. Balance Sheet Statement Assets The Company’s total assets as of 30 June 2017 totaled THB 716.1 mn, an

business receivables and derivatives business receivables in large clients with EARTH shares as collateral and underlying securities in trading. The higher or lower of figures stated earlier may be subjected

30.40 percent in year 2015. The gross profit ratio in year 2015 lower than year 2016 due to usage of construction cost of sales based on progressive work. 4. Gains from sales of immovable property 4.1