-Café 2 Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q4/2019 was THB 0.9 million Management Discussion & Analysis YE

Parent was Baht 1,024.9 million, a 28.0% increase from 1H2018. Significant Events in 2Q2019:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15

capacity for exports. The expansion has started operation since August 2019, and the impacts on financial statements from the recognition of depreciation expenses of the mentioned assets has started to be

revenue decreased by 5.3% from 3Q17 due to a decrease in revenue from Education Business and revenue recognition from leased right assignment in the same period last year. Earnings before Interest, Taxes

tax exemption for Insurance compensation, partially offset with the recognition of previously unrecognized tax. 10. Total adjustment to earnings, pre-tax was THB 3,359 million for the year ended

short-term loans from financial institutions in the amount of 293.55 million baht as working capital for the business and recognition of liabilities under lease agreement in amount of 82.10 million baht

) for the period was THB (945.7) million, decreased from THB (148.9) million for the six months ended of year 2019. The decrease was primarily attributable to the recognition gain on disposal of share of

in revenue mainly derived from sales of biomass power plants as the result from revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province which started its commercial

addition, sales and service income also increased from sales of biomass power plants as the result from revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province which started its

loss from crude oil hedging contract and loss on foreign exchange. Other important events in this quarter:  BCPG Plc. which is a subsidiary of the company, assessed the fair value of assets and