buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of the

borrow to buy land without interest) Sale and Purchase contract ordinary shares agreed to as per condition payment as follows; • Baht 10,000,000 at Contract Date as Deposit which is considered as part of

by 4.0% due to interest expenses of short- term loans. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2019 March 31

of Baht 5.47 million or 211.20 % increase due to recording of the interest payable for convertible debenture whereas there is no this transaction in 2018 Summary of the financial status as ended 31

by THB 34 million. 4. Accrued interest expenses increased by THB 25 million. 5. Other payables and accrued expenses decreased by THB 38 million. 6. Long-term loan from other parties decreased by THB 20

result of increased interest income from Xayabury Power Company Limited. 2 Administrative Expenses In Q1 2019, the Company and its subsidiaries had administrative expenses of Baht 524.40 million, increased

parties 124 1,239 90% Accrued interest expenses 137 132 (4%) Current portion of liabilities under rehabilitation plan 173 180 4% Provision 0 41 100% Other current liabilities 19 31 39% Total current

0.0% and 1.1% respectively. The main reasons were interest expenses from financial instituion which occur from intercompany transactions. Net Profits For the 2nd quarter of Year 2018 and 2019, the net

financial cost was mainly in related to support the Company’s and its subsidiaries’ operation as well as impact by the averaged higher interest rate as compared to same period of previous year. 5. Net Profit

million in 2018, showing an increase of Baht 3.52 million or 135.38 % increase due to recording of the interest payable for convertible debenture whereas there is no this transaction in 2018 Summary of the