from sales and Rendering of services was 549 million Baht, down from a year earlier by 19% due to Project Sale Activities decreased by 15%, Wholesale/Retail Sale Activities decreased by 4% and Export

repayment of long-term borrowing in the solar energy business. • Trade and other payables decreased by Baht (34.78) million as due of payment. December 31 December 31 2018 2017 Change Current assets 927.84

ENERGY DEVELOPMENT PUBLIC COMPANY LIMITED Debenture - Long Term PO/MTN DIGITAL DEBENTURES OF GULF ENERGY DEVELOPMENT PUBLIC COMPANY LIMITED NO. 3/2565 SERIES 3 DUE B.E. 2572 1,200.00 09/08/2022 15/08/2022

operations for the twelve-month period ending 31 December 2018 are as follows: - Sales decreased from Baht 357.72 million in the year of 2017 to Baht 346.16 million in the year of 2018, or 3.23%, due the site

million compare with performance for the prior year appear as comprehensive operating net Profit of the Company THB 122.62 million, decrease in Profit from the prior year THB 118.61 million, due to the

of Baht 380.02 million, a net profit of Baht 12.92 million increased profits due to more efficient cost control. 1.2 The company’s income from energy business in Q2/2019 was Baht 85.19 million

1.72 million or 3.09% from the same period SAAM Energy Development Public Company Limited - 2 - of previous year mainly due to decrease in sales of electricity and decrease in other income from

trading of its ordinary shares in the MAI stock exchange. • Trade and other payables decreased by Baht 314. 29 million due to repayment of payables of solar energy and trade payables of the existing

Baht, increasing 285.58% compared to the same period last year due to the adjustment of the allowance for impairment of long term investments. The company has an impairment loss of investment in IGEN

decrease in cost of sales. 2.2 The cost of renewable energy amounted to 29.94 million baht, a decrease of 7.13 million baht or 19.23 percent due to the depreciation from the reduction of cost of solar panels