Limited Management Discussion and Analysis for the year 2017 6 (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2017 7 Financial Position As

be covered the operating expenses, especially fixed expenses. As the result, the change in the profit of Q3–2020 was higher than the change in revenue. -2- Operating Results and Capabilities to Make

POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2018 31 MARCH 2019 (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and Current investments 653 15.9% 797 18.2% Trade & other

PUBLIC COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the three-month period ended March 31, 2019 Financial Position Baht Million 31-Dec-18 31-Mar-19

the company. Expand investment to create stability and growth in the future. Generally, solar cell projects have contract period of 20-25 years, guaranteeing the fixed revenue during that period. The

) decreased financial expenses and (3) decreased income tax expense. Financial Position Analysis Assets As of 31 December 2018, and 30 June 2019, the Group had total assets of THB 1,564.0 Mn and THB 1,917.9 Mn

capacity to be in line with a slowdown in inventory turnover from sales revenue setbacks. This reduction in production capacity is expected to affect fixed cost allocation and marginally increase production

Others Computer software Leasehold improvement and equipment Restricted fixed deposits Trade and other receivables Cash and cash equivalents +28% 10 7 3 4 32 30 5 4 162 120 30 Sep 2019 31 Dec 2018 Equities

processes throughout the Company. 4. Financial Position of the Company and its Subsidiaries Unit : Million Baht 31/3/2020 31/12/2019 % change Cash and cash equivalents 100 119 (16%) Account receivables 828

(Loss) attributable to equity holders of the company (277.59) (243.35) (34.24) (14.07) Financial Position as at December 31 (Unit : Million Baht) 2019 2018 Inc./(Dec.) % ( A d jus ted an d R ec l as s i f