Microsoft Word - MD฿A ประจำปี 2560_E 1 -1- Management Discussion and Analysis for the Year 2017 1. Operating Results (Company and Subsidiaries) Consolidated revenue for the twelve months of year 2017

Board No. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of Securities Companies and Derivatives Intermediaries dated 6

. TorThor. 35/2556 Re: Standard Conduct of Business, Management Arrangement, Operating Systems, and Providing Services to Clients of Securities Companies and Derivatives Intermediaries dated 6 September 2013

TFRS16 leases standard for land and buildings for rent which the Group previously classified as operating lease. Derivative assets of Baht 49.5 million from recognized of forward contract from the adoption

, under the caption of sales and service income, and Revenue from finance lease under a Power Purchase Agreement. When comparing operating results, revenue of Natural Gas Power Plant increased for both

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. Although the company has tried to expand the channels to the new market and variety of industries. The company also has subsidiaries in the group that have relatively high operating costs. And there are the

2016 30 Sep 2016 30 June 2018 1. Value of net tangible assets N/A N/A N/A 2. Net operating profits N/A N/A N/A 3. Total value of consideration paid or received 2.09% 2.17% 2.45% 4. Value of equity shares

Company has started operating under hotel management agreement with the Heritage Villa Zhouzhuang, a villa type hotel consisting of 33 villas. 3Q18 Performance Highlight: In 3Q18, the Company reported total

period 50.34 96.78 -46.44 -48% Net cash flows from operating activities 83.42 7.72 75.70 981% Net cash flows used in investing activities -377.39 -65.42 311.97 477% Net cash flows from (used in) financing