value 190.86 MB is calculated by List MB Land of Takuni Land at book value per the financial statement as at 31 December 2017 93.45 Land that bought from connected persons 41.55 Development cost 254.51

open the Project Development Cost Account as stipulated in the Power Purchase Agreement. 4.2 Analysis of Liabilities As at September 30, 2017, total liabilities were Baht 32,527.65 million, decreasing by

differences between the price paid by the Company and the targeted company’s book value of THB 282mn after the acquisition of COMASS. Trade and other receivables were THB 345mn, an increase of THB 69mn or 25.1

-Dec-17 Gross profit (%) 57.2% 60.6% Current ratio (times) 0.9 1.9 Operating EBITDA (%) 32.1% 38.0% Quick ratio (times) 0.8 1.8 Cash-to-net profit (%) 128.9% 100.9% Account receivable turnover (times

Riau Combined-Cycle Power Plant Project in the Republic of Indonesia. The payment was to fund the Project Development Cost Account as stipulated in the Power Purchase Agreement. 3.2 Analysis of

5.23 Average collection period days 76 77 69 Inventory turnover times 4.90 5.13 5.96 Average inventory turnover period days 73 70 60 Account payable turnover times 5.22 5.00 5.70 Average payment period

) because the party entering into this transaction with the company is the company’s major shareholder. Upon calculation of transaction value by taking into account the highest values between book value and

Total assets of listed company** *1) In case of assets disposal, compare total value of consideration paid or received and its book value. Whichever is higher will be used for the calculation 2) In case

THB 0.012 per share to shareholders named at book closing on 23 August 2019 (Record Date). The payment date of the interim dividend will be on 6 September 2019. MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019

flow of Apollo’s deal, real estate projects for sales under development of 12,181 million Baht, Account Receivable of 99 million Baht, Inventory of 207 million Baht, building improvement, sales gallery