, significantly increase from gain on joint venture investment of totaling 7,113 Million Baht 6 2017 MD&A: PACE Development Corporation PLC. Statement of Financial Position Assets As at June 30th, 2017, the total

% , due to the increasing of depreciation and amortization by 40.34 million Baht from the amortized assets under concession agreements that the company has invested to expand the capacity and improve

resulted in reallocation between sales and service revenue as well as marketing expenses while device subsidy is capitalized as contract assets and amortized against the service revenue over the customer

capacity for exports. The expansion has started operation since August 2019, and the impacts on financial statements from the recognition of depreciation expenses of the mentioned assets has started to be

- Page 6 of 7 Consolidated financial position of the Group as of 31 March 2018 in comparison with that as of 31 December 2017 Assets Total assets as of 31 March 2018 and 31 December 2017 were THB 14,050

at end of Jun-18, AIS had total assets of Bt282,765mn, slightly down from end of Dec-17. Current assets were Bt33,352mn declining from lower cash outstanding, offset with higher receivables and

company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years (year 2016-2019), the Company’ s consolidated total assets has grown at an

dividend income instead of share of profit from investment in associates after the reclassification of the investments in TTW from investment in associate to long-term investments in financial assets

standard TFRS 16 Adopted standard Impact to B/S ▪ As at 31 Dec 2019 Recognised leasehold right THB 1,675 million ▪ As at 1 Jan 2020 Recognised right of use assets THB 2,696 million and lease liabilities THB

% Net Impairment on Financial Assets 0.2 0.0 N/A (1.0) 0.0 N/A Administrative Expenses (40.0) (39.4) 1.6% (81.4) (75.8) 7.3% Gain (Loss) from Exchange Rate (155.9) (2.2) 6,858.0% 60.1 1.9 3,081.9% Share