71.40 31.2 Total expenses 2,340.76 1,991.34 349.42 17.5 1,703.23 1,449.01 254.22 17.5 Non-controlling Interests - 21.67 (21.67) (100.0) Profit attributable to owner of the Company before exchange rate

on the Stock Exchange of Thailand and expenses related to the Stock Exchange of Thailand, (2) THB 0.32 million decrease from professional fees, (3) THB 0.37 million decrease from accounting and audit

extraordinary item from the sale of unused land in Chon Buri province for Baht 63.30 million and there was an increase in sales of scrap but a decrease in foreign exchange rate gain. (2.2) Cost of Sales and

decrease in Availability Payment and the increase in power plants’ spare parts. In addition, the Company recorded loss on foreign exchange as AUD currency depreciated in relative to USD currency. The

%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht

the date of entry into the transaction or on each agreed payment instalment date of the agreement may be subject to change and may increase or decrease based on the exchange rate specified in the

% decrease from 3Q18. Net gains on exchange rate at THB 312m mainly attributed to the decrease in 3Q19 net profit. Page 8 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019

. Non-interest income fell by Baht 323 million, due to a decrease in gains on trading and foreign exchange transactions and a decrease in net fees and service income, mainly from loan-related fees, while

, including the decrease of loss of foreign exchange. 7) Finance costs was THB 2,175 million, increased by 174.2% from the same period of the last year. The increase was primarily due to TFRS No.16 impact by

% Profit (Loss) before the effects of foreign exchange, deferred income tax and lease income 258 467 (209) (45%) - BLCP : The operating result was decreased by Baht 209 million mainly due to a decrease in