. The major change was mainly from the dereased of Advance received from the sale of land and buildings awaiting development amounted 21.9 million baht (2.2) Non-Current Liabilities As at March 31, 2018

million or 44.19 percent, Because of Land awaiting development and the completed project as follow ; Chatuchot and Don Wai 2. Tax expenses The Company and its subsidiaries' tax expenses was increased Baht

period, as previously issued, included a qualified opinion, a disclaimer of opinion, or an adverse opinion and the matter which gave rise to the modification is unresolved ( 2.3.1 corresponding figures are

chairman but was objected by certain IFEC shareholders. Meanwhile, the company's situation is unresolved, and the current directors have yet to come up with a solution. The SEC views that IFEC directors

quarter and some deliveries awaiting delivery and lower from land for sales of Baht 10.50M. Total liabilities Baht 506.15M were higher than previous year at 6.46% due to personal loan at Baht 30.00M and

, or 12.90 percent. Financial Costs The Company and its subsidiaries' financial costs was increased Baht 3.36 million or 20.21 percent, Because of Land awaiting development and the completed project as

phases. In which phase 1 is a condominium ready for sale remaining awaiting transfer of ownership, only 17% of the total amount. Phase 2 is still under development.  Forest Patong Project, Phuket is under

which phase 1 is a condominium ready for sale remaining awaiting transfer of ownership, only 13% of the total amount. Phase 2 is still under development.  Forest Patong Project, Phuket is under the

is awaiting transfer of ownership and the commercial area is under development Project the City Hat Yai Songkla province, there are 4 condominium units with 1 building as a condominium for sale. The

current liabilities as of December 31, 2017. The major change was mainly from the increased of Advance received from the sale of land and buildings awaiting development amounted 18.0 million baht and Long