been completed on 19 February 2020. Page 2 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 On 11 December 2019, S Residential Development Co., Ltd., one of the Company’s
been completed. Currently, the Court has been ordered to stamp the two lawsuits and scheduled to examine the testimony of the defendants for both cases by August 2017. 2. Cases with Final Judgment
of 2017 WHAUP completed our 2017 at record-high result with a Net Income of Baht 1,980.9 million, 436.1% increase from 2016. 1. RESULTS OF OPERATION FOR 2017 Consolidated Financial Statements 2016 2017
development projects and the installation of LED electricity system in the buildings of government agencies of the Ministry of Justice was completed in 2016. Retail business In 2017, the Group generates revenue
year. Financial Cost Most of financial cost resulted from loan interest on loans borrowed to develop projects, which are capitalized as development costs for the projects until construction completion
undertaking transaction between the Company, M.K. Real Estate Development Public Company Limited (“MK”) and Prospect Development Company Limited (“PD”) as promisors and the Trust as promisee, to assure the duty
of toll, amortization of rights to operate completed expressway sectors and compensation for site acquisition cost, for the third quarter of the year 2017, amounted to Baht 1,377 Million, representing
following transactions: a) A 56% investment in DAII through an acquisition of DAII’s newly issued shares in January, in exchange for transfer of the Company’s 51% stake in Nirvana Development Co., Ltd
. Cost of service for operation of Expressway business consisted of costs of toll, amortization of rights to operate completed expressway sectors and compensation for site acquisition cost. For the year
proposal by other contractors. As a result, the mentioned transaction is compulsory and cannot be completed by other contractors. Thus Cherchaiwon, the related party, is asked to complete the production. The