19.38 - 0.00% Intangible assets 14.87 14.49 0.38 2.62% Withholding tax receivable 135.28 118.56 16.72 14.10% Deferred income tax assets 5.49 5.61 (0.12) (2.14%) Other non-current assets 21.29 15.27 6.02

THB 6,131 and THB 6,062 million, respectively, an increase of THB 70 million or 1.2%, mainly due to (1) an increase in account payables of THB 217, (2) an increase in deferred tax assets of THB 352

financial institution 1.00 1.01 1.03 Investments in subsidiaries - - 382.40 Leasehold improvement, vehicle and equipments 2.14 2.89 2.24 Intangible assets 0.29 0.22 0.13 Deferred tax assets 0.00 0.40 0.40

institution 1.00 1.01 1.03 Investments in subsidiaries - - 382.40 Leasehold improvement, vehicle and equipment 2.14 2.89 2.24 Intangible assets 0.29 0.22 0.13 Deferred tax assets 0.00 0.40 0.40 Deposits 0.51

was partially offset by an increase in 3) investments in joint venture and associates of THB 135mn and 4) deferred tax assets of THB 38mn. Trade and other receivables were THB 574mn, a decrease of 10.4

31.70 Withholding tax deducted at source 83.42 61.31 22.11 36.07 Deposits 1.39 0.85 0.54 63.34 Deferred tax assets 0.74 0.67 0.07 10.43 Total non-current assets 645.98 489.65 156.33 31.93 Total assets

tourism. We believe that AH will benefit from the turnaround of the automotive industry and that a turnaround will be likely from deferred demand dictated by overall economic situation and limited

5.96 0.23% 15.47 0.49% 9.51 159.60% Deferred tax assets 36.80 1.39% 38.23 1.22% 1.44 3.90% Deposits for rental and service usage 46.13 1.75% 51.41 1.64% 5.27 11.43% Other non-current assets 1.27 0.05

% down comparing to income tax expense of THB 305.49 million in 2017. A decrease in income tax expense in 2018 was impacted by lower deferred income tax expense comparing to 2017. GFPT Public Company

million, increased by THB 5.56 million or 2.20% up comparing to income tax expense of THB 252. 24 million in 2018. An increase in income tax expense in 2019 was impacted by higher deferred tax expense