of Associates and Joint Ventures according to TFRS 16 accounting starndard despite an increase in Retained Earnings of Baht 102.6 million. 26,583 14,419 12,164 26,419 12,859 13,559 Total Assets Total

standards is recognised as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact of the adoption on the consolidated statement of 4,284

Shareholder equity 383.00 383.00 Registered capital Issued and Paid up capital 383.00 18.08% 383.00 16.33% Premium on stock 519.67 24.53% 519.67 22.16% Retained earnings Legal reserve 75.25 3.55% 74.90 3.19% Un

capital Issued and Paid up capital 383.00 20.20% 383.00 18.08% Premium on stock 519.67 27.41% 519.67 24.53% Retained earnings Legal reserve 75.25 3.97% 75.25 3.55% Un-appropriated 435.13 22.95% 439.01 20.72

standards was recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact of the adoption on the consolidated statement of financial

decrease in retained earnings of THB 210 million accounted for the 2019 interim dividend approved by the Board of Directors at the amount of THB 1,952 million (THB 0.65 per share), offsetting with profit for

Board of Directors in the meeting no. 3/2020 on March 20, 2020 approved interim dividend payment which was paid on April 17, 2020. This resulted in the decrease in the retained earnings in the amount of

Profit for the period attributable to owners of the parent of THB 256.31 million, offsetting from dividend payment of THB 300 million, the increase from the adjustment of the beginning retained earning

from Baht 14,049.3 million at the end of 2018, mainly decreased from adopting new accouting standard (TFRS 15) in Retained Earnings. As at 31 December 2019, the Company’s Debt-to-Equity ratio was 0.95x

resulted in the decrease in the retained earnings in the amount of THB 1,812.50 million. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2020 Page 10 4. Analysis of cash flows Cash and