investment particular in machinery and equipment, industrial production, manufacturing capacity, and the value of merchandise exports were also better. Rising government expenditure is another significant

227 mn was recognized in administrative expenses Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 6 of 15 • Tax on GLANDRT dividend received amount THB 62 mn, the

3,776 3,559 3,594 -5% 1% 11,896 13,543 14% Interest income and dividend income 54 45 12 -78% -74% 191 156 -18% Other income 130 238 441 240% 86% 343 1,085 216% Selling and administrative expenses (2,065

September, 2018 and 2019. The Company has totaled other operating expenses consisting of (1) Employee expenses ( 2) Director’ s remuneration ( 3) Premises and equipment expenses ( 4) Tax and duties ( 5

paid on debentures; (iii) cash paid on purchase of property, plant, and equipment; (iv) cash paid on purchase of intangible assets; and (v) cash paid on dividend payment to shareholders. 8 Dividend

the Safari Group, which in turn will have a positive impact on dividend. 5. Information on Nature of Business Operation and Business Tendency of Company, Subsidiaries and Associates 5.1 Information on

 equipment  erest received  sh decrease  tal  on   th  Dec‐16,  as  ncreasing 2.1%  bilities  were  B ‐bearing debt w 6. Total equity w d  earnings.  Cur BITDA stood at  mained at 3.1% 4Q 11,226   2,963

% from 31 December 2018. • Current assets increased by Baht 2,671 million mainly increased of cash and cash equivalents from cash received from sales of property, plant and equipment from the restructuring

investment grew 4.2% in Q4 versus the same period in 2017 and up 3.9% from Q3. Private-sector investment expenditure on machinery and equipment picked up pace and this industrial expansion is encouraging. The

-2% Property, plant and equipment 1,941 1,781 +9% Investments in joint venture 8 5 +54% Other non-current assets 155 123 +26% Total non-current assets 2,103 1,909 +10% Total Assets 3,808 3,640 +5% Bank