price . (Payable by 90% from Revenue of assets used as collateral) Term Loan Condition : Land and Property mortgage of The J Grand (Sathorn - Kallapaphruek),value of the mortgage are 60,000,000 Baht and

-current assets as of December 31, 2018. The significant change was mainly from the increased in land and structures held for future development 71.5 million baht, the investment property 51.5 million baht

receivable 87.00 4.25% - - Investment in associated company 272.33 13.32% 286.20 17% Property, plant and equipment 791.98 38.72% 871.72 52% Right-of-used 213.73 10.45% - - Biological assets – dairy cow 48.07

81.47 4% 83.74 4% Investment in associated company 230.00 11% 235.09 12% Property, plant and equipment 776.29 38% 803.45 40% Right-of-used 198.67 10% 214.69 11% Biological assets – dairy cow 50.31 2

% Property, plant and equipment 765.92 38% 803.45 39% Right-of-used 193.53 10% 214.69 11% Biological assets – dairy cow 48.91 2% 46.25 2% Others 46.76 2% 40.33 1% Total assets 2,034.21 100% 2,018.34 100% Total

% Lease receivable 76.30 4% 75.88 4% Investment in associated company 203.78 10% 210.47 11% Property, plant and equipment 743.60 37% 757.69 39% Right-of-used 164.29 8% 179.07 9% Biological assets – dairy

in associated company 280.49 14% 286.20 17% Property, plant and equipment 779.69 38% 871.72 52% Right-of-used 223.01 11% - - Biological assets – dairy cow 48.53 2% 45.97 2% Others 51.32 3% 48.46 3

baht, increased 2.8 million baht or 0.3 percent compared to non-current assets as of December 31, 2018. The significant change was mainly from the increase in investment property 7.2 million baht and

) Property, plant and equipment 366.10 357.14 8.96 2.51 Intangible assets 11.88 11.65 0.23 1.97 Retention receivables 31.93 37.25 (5.32) (14.27) Withholding tax deducted at source 66.61 61.31 5.30 8.65

(17.06) 100.00 Other current assets 6.85 4.84 2.02 41.70 Total current assets 660.11 370.90 289.21 77.97 Non-current assets Restricted bank deposits 20.79 - 20.79 n.a. Property, plant and equipment 357.14