assets were short-term investments at financial institutions, and property, plant and equipment. As of December 31, 2017 and June 30, 2018, the Company saw short-term investments at financial institutions

an improved performance of the Company’s investments. 2.Expenses 2.1 Employee benefits expenses The Company’s employee benefits expenses in 2Q2018 were Baht 270 million, an increase of 22% from 2Q2017

Inventories 9,518 7,684 23.9 Investments in associated companies 740 593 24.8 Property, plant and equipment 7,409 7,258 2.1 Others 3,176 2,695 17.8 Total Assets 48,514 46,018 5.4 Bank overdrafts and short-term

financial instruments in 3Q2018 were Baht 464 million, an increase of 45% from 3Q2017, due to an improved performance of the Company’s wide range of investments. 2.Expenses 2.1 Employee benefits expenses The

2018 MD&A (for the quarter ended 30 September 2018) 4 U CITY PCL 15 MAY 2018 HOSPITALITY SEGMENT HOTEL PORTFOLIO & PERFORMANCE SNAPSHOT No. of Keys ADR (THB/night) Occupancy RevPAR (THB/night) 3Q 18 3Q

Position Unit : Million Baht 30 Sep 2019 31 Dec 2018 % Change Cash and cash equivalents 12,420 15,608 (20.4) Current investments 2 223 (99.2) Trade and other receivables 11,303 11,558 (2.2) Inventories 9,462

266.3 197.0 164.4 (38.2%) (16.6%) 515.8 361.5 (29.9%) Gross Profit Margin 46.0% 36.9% 34.2% 45.3% 35.6% GPM before adjustment with PPA/1 49.0% 40.1% 37.7% 48.3% 38.9% Share of Profit from Investments in

(5.0) Current investments 865 2 50,825.8 Trade and other receivables 11,162 9,739 14.6 Inventories 9,719 8,963 8.4 Investments in associated companies 423 464 (9.0) Consolidation goodwill 431 418 3.2

3.63 million or 7.34% due to interest expenses from debentures Baht 21.49 million. Share of profits (loss) from investments in associated companies. Share of profits (loss) from investments in associated

capital increase and the use of proceeds to be received 5.1 to be used to expand the business via Direct Investments and additional investments in associated companies in property business https