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

the deceleration in sales revenue and the higher sales and administrative expenses mentioned earlier. Financial Position Total Assets As of 30 June 2019, the Company’s total assets stood at THB 4,997.97

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

% decline. Net profit margin also experienced a moderate decline from 23.82% to 22.87% as a result of falling overseas sales revenue. Financial Position Total Assets As of 30 June 2018, the Company’s total

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

out of 16.47 MW. However, the company had an “all risk” insurance which covers all risks on the company’s Solar energy units. In fact, the company already received claims of damaged assets in Q3/2018