surplus impacting exporters’ revenue in Baht terms and negating the positive impacts from the domestic economic expansions. Additionally, trade policies of the United States and relating countries still

with the temporary maintenance closure of some oil refineries in the last quarter of the year. Nevertheless, the current account remained in surplus with the value of imports contracted at a greater rate

negatively impact export and investment 3) Less surplus of Thailand’s current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates

49.94 Shareholders’ Equity - Appraisal Surplus of Assets - Provision for impairment of land - - 199.76 - 199.76 (7.87) Please be informed accordingly, Yours faithfully, Nation Multimedia Group Public

household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s

project group has also been heavily affected as the consumers have put off decision for purchasing new homes as there are surplus of available and completed housing projects ready for sales. In addition

will be valued using fair value method and the difference in fair value will be reflected in Goodwill. However, the company remains committed to implement operational excellence and the optimization of

additional support from the government project. Meanwhile, government spending remains the main supporting factor for the Thai economy even in this quarter slowed down as the delayed in budget disbursement. As

U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 12 U CITY PCL 15 MAY 2018 We remain actively engaged in our asset divestment programme, which remains in process. The remaining assets to be

amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity