Baht Consolidated financial statements 30 September 2017 31 December 2016 Trade account receivables – unrelated parties 1,365 1,408 Less: Allowance for doubtful accounts (51) (42) Trade account

DEAN & DELUCA of 2,434 million Baht (28% of total revenue), a decrease of 708 million Baht or 23% as compared to 2017 and (3) other income including trademark and trade name fees of DEAN & DELUCA of 264

-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the

process and try to obtain new funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade

Baht Consolidated financial statements 30 June 2018 31 December 2017 Trade account receivables - unrelated parties 1,716 1,352 Less: Allowance for doubtful accounts (43) (51) Trade account receivables

The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30 September 2018 31 December 2017 Trade account receivables - unrelated parties 1,937 1,352 Less

repay the debt obligations including trade payables and other payables, short term loans, the current portion of long-term loans from financial institutions, and interest expenses. The repayment can be

several financial institutions. A summary of the key operational matters and events for the 1st Quarter 2019 Overall financial performance of GFPT Group in 1Q2019 improved from the same period last year

liabilities Bank overdraft 0.13 16.70 (16.57) (99.22) Short-term borrowing from financial institutions 152.19 222.25 (70.06) (31.52) Trade and other current payables 339.57 327.16 12.41 3.79 Contract