to an increase of net profit and a decrease of shareholders’ equity from interim dividend payment and treasury stock. 6 Forth Smart Service Public Company Limited (FSMART) 3Q18 Management Discussion

Baht 969.7 million in 1H2017, or a 43.6% increase. 2. FINANCIAL POSITION 21,378.2 8,801.2 12,577.0 22,845.2 10,030.0 12,815.2 Total Assets Total Liabilities Total Shareholder Equity As of 31-Dec-17 As of

(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

amounted to Baht 22,241.84 million, a 1.77% rise from the end of 2016 As of June 30, 2017, the Company and its subsidiaries had total shareholders’ equity of Baht 22,241.84 million, an increase of Baht

company adjusted its policy to enhance the marketing goals. sales and service, as follows. Incomes January – June 2017 January – June 2016 Increase(Decrease) Mimmion Baht Percent 1. retailers and

submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1 Construction

loans of THB 134mn. Total equity was THB 16,088mn, increasing by THB 10,162mn or 171.5%, mainly due to an increase in premium on share capital of THB 9,349mn and non-controlling interests of the

liabilities that are due within one year. • Non-current Liabilities: increased by THB 31 million mainly due to an increase in lease liabilities. Total EquityE As of 30 September 2023, the total equity of the

as a result of the increase in sales and other income. For total revenue in 3Q17, it was slightly increased when compared with 2Q17. The YoY sales increase was attributable to the new two outlets i.e

. Shareholders’ equity as of December 31, 2017, amounted to Baht 401.7 billion. The book value per share was Baht 210.45, an increase of Baht 11.90 from the end of 2016. Operating Income and Expenses of the Bank