THB 5,248.20 million, dropping 3.89% from the end of last year. The majority of total assets consists of cash and equivalents, trade receivables and other receivables, inventories and property, plant

68.62 58.34 (10.28) (14.98) Inventories 110.48 114.99 4.51 4.08 Property, plant and equipment 182.56 177.78 (4.78) (2.62) Other non-current assets 2.59 2.78 0.19 7.34 Total Liabilities 114.35 92.61 (21.74

of last year. The majority of total assets consists of cash and equivalents, trade receivables and other receivables, inventories and property, plant and equipment. Cash spent for another assets and a

the transaction was approximately 0.84 percent of the Company’s Net Tangible Assets (“NTA”) (NTA of the Company as per the financial statement as of December 31, 2016 was Baht 11,934.47 million) which

million) September 30, 2019 (THB million) Cash and cash equivalents 1,892.9 1,636.6 Total current assets 2,961.9 3,046.7 Property, plant and equipments, net 16,321.5 19,183.8 Total non-current assets

3.18 4.00 (0.82) (20.50%) Total current assets 1,608.69 1,522.44 86.25 5.67% Restricted bank deposits 56.40 56.40 - - Property, plant and equipment 1,358.08 1,376.73 (18.65) (1.35%) Other non-current

assets Investment properties (1) 108,412 104,503 (4%) Leasehold rights 14,086 20,783 48% Property & equipment (PP&E) 1,646 1,597 (3%) Other non-current assets 22,262 26,672 20% Total non-current assets

basis net income rose 19%. 3.2. Assets, Liabilities & Shareholders’ Equity Similar to comments made in Q3 the main contributors to the increase in total assets are from an increase in property, plant and

POSITION ANALYSIS Financial Position (MB) As of 31 Dec 2019 As of 31 Dec 2018 Increased (Decreased) % Total Assets 21,180.88 20,140.90 1,039.98 5.16% Total Liabilities 10,167.06 9,335.75 831.31 8.90% Equity

assets while new depreciation from 5G asset gradually increase after continuing expanding 5G network capacity. Overall SG&A showed a decline of -6.7% YoY with marketing expense dropping -20% YoY reflected