measured at an amount equal to lifetime ECLs. ECLs on these financial assets are estimated using a provision matrix based on the historical credit loss experience, adjusted for factors that are specific to

For the 1st Quarter Ended 31 March, 2020 Page 8 3. Analysis of statement of financial position 3.1 Analysis of assets As at March 31, 2020, the total assets were THB 103,448.31 million, increasing by

Baht, which is calculated to be 0.049 of the Company’s Net Tangible Assets (NTA) 5. RAW WATER BUSINESS Raw water revenue in Q1/2020 was 710.74 million Baht, increased by 14.86 million Baht or +2.14

the implementation of leave without pay policy. 13.5% 19.1% 19.7% 7.1% -9% Management Discussion & Analysis Q4/2020 Total Assets Total Liabilities and Equities (THB million) Total Assets As of 31 Dec

Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The

revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a

1,132 1,194 1 2 Total Assets Total Liabilities and Equity Cash and Cash Equivalent Land, Property and Equipment Other Current Assets Other Non- current Assets Equity Current Liabilities Non-current

tax mainly from temporary difference of receivable from finance lease and derivative assets. Net profit and net profit margin attributable to the parent The Group had net profit for the three-month

temporary difference of receivable from finance lease and derivative assets. Net profit and net profit margin attributable to the parent The Group had net profit for the three-month period of the third

. (92.8) (60.8) (32.0) (34.5%) Tax income (expense) comprised of current tax and deferred tax. Deferred income tax mainly from temporary difference of receivable from finance lease and derivative assets