(14.76) (2.85) Property, plant and equipment 893.42 922.13 (28.71) (3.11) Right-of-use assets 142.65 - 142.65 100.00 Other assets 72.02 88.48 (16.47) (18.61) Total assets 1,810.14 1,726.77 83.37 4.83

long-term loan from Financial Institutions in 2019. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 6 Net Profit In 4Q19, the Company had the net profit including

36.1 47.8% Investments in related party 85.0 - 85.0 100.0% Equipment for lease 160.7 215.7 (55.0) (25.5)% Intangible assets 38.6 25.1 13.5 53.8% Total Assets 5,055.7 4,511.8 543.9 12.1 % Assets As of

receivable 332 272 22% Inventories 2,273 1,992 14% Other current assets 271 200 36% Total current assets 3,591 3,087 16% Non-current assets Advance payment for purchase of property, plant and equipment 210 210

in finished goods to meet higher demand from customers and production of bottle from our bottle manufacturing factory that started in December 2017. 4. Property, plant and equipment Property, plant and

Gross Profit from Operation excludes Other Revenue from Utilities Business. 4 Foreign Exchange Loss / (Gain) consists of unrealized and realized Loss (Gain) on exchange rate from USD Loan 5 Income Tax

Receipt) for the purchase of fuel in H1. Non-current liabilities have decreased as the Saraburi Acquisition loan and the Hua-Pha-Way Kiln 7 loan continue to be repaid. Shareholder equity reduced with the

share (Baht) 0.03 0.06 (0.03) * According to the adoption of Thai Financial Reporting Standard No.9 Financial Instruments since January 1, 2020, the Company reclassified loan from financial institution

company Total liabilities Total liabilities increase 3,166.85 million THB or 38.08% i.e. from 8,315.57 million THB to 11.482.42 million THB. The main reasons are as follows: 1. The loan from financial

propose the Extraordinary General Meeting of Shareholder No. 1/2019 to consider and rectify for providing financial assistance to connected personas the Company has provided short-term loan to ACAP with no