Shareholders’ equity 2,589 2,629 (40) (2%) Liabilities As at 30 September 2017, the Group’s total liabilities are Baht 5,585 million, increased by Baht 1,345 million or 37% compared to the total liabilities as

investment in ONE CITY CENTER (“OCC”) – grade A office building development project for a total investment value of THB 8,771.4mn. Management outlook and future projects Despite the real estate market in

liabilities 175.71 6.65% 155.84 4.98% (19.87) (11.31%) Total liabilities 2,332.56 88.24% 2,210.34 70.62% (122.22) (5.24%) Total shareholders' equity 310.78 11.76% 919.43 29.38% 608.65 195.84% Total liabilities

and administrative expenses; 3) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; 4) higher depreciation of investments in machinery and 5) non-cash, one

expenditures declined by 7.1% YoY to THB 74,935mn during the nine-months (April – December) of 2017/18. During that period and the same period in the previous year, a one-month moratorium on digital advertising

) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; and 4) non-cash, one-time expenses recognized from selling unused old machines.  Thai Financial Reporting

48,201 46,018 46,319 Total liabilities million baht 14,260 13,544 14,428 equity’ Total shareholders million baht 33,941 32,474 31,891 Registered capital million baht 1,259 1,259 1,259 up capital-Paid

attributable to Equity holders of the Company in Q3/2019 and of the nine months of 2019 were of Bt255. 7 million and Bt779.7 million which decreased by Bt48.9 million or 16.1%(y-o-y) and decreased by Bt89.8

novation has no effect to the required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the third

further BOI tax optimization. Net income was slightly down year-on-year given the higher depreciation and financing cost, despite the improvement in EBITDA 3.2. Assets, Liabilities & Shareholders’ Equity