Analysis for the year 2018 7 Financial Position As at December 31, 2018, the Company and its subsidiaries had total assets amounted to Baht 103,831 Million, representing an increase by Baht 4,912 Million or

February 2019 October 1) EGM no. 1/2018, on 11 October 2018 approved the investment in assets of KPNL through EBT and the allocation of newly issued ordinary shares of the Company to KPNL 2) Appointed Mr

decreased by 13.1%. 2. FINANCIAL POSITION The Consolidated Balance Sheet as of 31 March 2019 is summarized as follows. Assets As at 31 March 2019, the Company’s total Assets was Baht 22,809.6 million

selling expenses 263.01 100.00 200.51 100.00 (62.50) (23.76) % to sales revenue 35.85 52.16 Notes: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop

Assets 240.87 305.00 -64.13 -21.03 Non-Current Assets 260.05 259.75 0.30 0.12 Total Assets 500.92 564.75 -63.83 -11.30 Current Liabilities 182.60 202.31 -19.71 -9.74 Non-Current Liabilities 146.89 156.49

: /1 Other selling expenses mainly comprise market survey expenses and rental expenses for Namu Life Shop Table 8 : Sales Expenses by Type of Expenses for the Six Months Period Ended 30 June Selling

The Consolidated Balance Sheet as of 30 September 2018 is summarized as follows. Assets As at 30 September 2018, the Company’s total Assets was Baht 23,137.0 million, increased by Baht 1,758.8 million

Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 7 Financial Position As at September 30, 2018, the Company and its subsidiaries had total assets amounted to Baht

Position as at September 30 , 2018 and December 31, 2017 (Unit : Million Baht) 2018 2017 Inc./(Dec.) % Current Assets 451.49 305.00 146.49 48.03 Non-Current Assets 1,013.18 259.75 753.43 290.06 Total Assets

Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Financial Position MB % MB % MB % Current assets 1,348.32 31.7% 1,256.81 32.6% (92) -6.8% Non-current assets 2,912.13 68.4% 2,603.09