a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the

million, similar to the previous year which were Baht 1,104 million. During the year 2019, the Company recognized past service cost as an expense in statement of comprehensive income due to the recognition

the recognition of lease right assignment fee albeit a drop in room revenue from lower room inventory due to room renovations of Dusit Thani Laguna Phuket, Dusit Thani Pattaya and Dusit Thani Manila

encountered continuous loss in the past. The sale of mentioned assets will enable the Company to have better operation from excluding the recognition of loss from KMM in the future, and will enable NBC – a

212.73 (3.48) (1.64) Cost of construction contracts (521.09) (492.00) 29.09 5.91 (1,082.60) (860.25) 222.35 25.85 Gross profit 42.58 48.31 (5.73) (11.86) 92.89 94.41 (1.52) (1.61) Other income 0.73 0.15

) measured at amortised cost  Adoption of TFRS 16 requires the recognition of right-of-use assets and lease liabilities Overall market environment The Thai economy for 1Q20 continued on a declining trend

9.86% Gains on changes in interests in investments in associate and joint venture 151 - 151 N/A Interest income 195 368 -173 -47.12% Other income 570 631 -61 -9.73% Cost of sales and services 16,704

- Construction 470.96 377.21 93.75 24.85% 3 - Testing and Inspection 15.07 14.60 0.47 3.22% Cost of sales and services (620.92) (524.43) 96.49 18.40% Gross Profit 65.23 58.50 6.73 11.50% Other income 4.35 2.77

income 5 84 -79 -93.78% Cost of sales and services 4,258 3,744 514 13.72% SG&A expenses 341 197 144 73.37% Interest and Tax expenses 89 66 23 34.53% Share of profit from associates and JV 68 39 29 75.16

) 2017 2016 Amount % Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 972 1,307 893 1,223 79 84 9% 7% Other income 8 21 (13) (62%) Total revenues 2,287 2,137 150 7% Cost of sale (1,608