recorded at THB 105 million, a decrease of THB 105 million from 1H2019. P a g e | 4 - Management Discussion and Analysis 2Q2020 - As of June 30, 2020, the Company has total assets in the amount of THB 12,496
expense decreased 24.7% y-on-y and decreased 35.2% q-on-q (Baht 177 million in 2018 / Baht 46 million in Q4’2018), primarily attributable to a record of deferred tax income and a decrease in taxable profit
attributable to a record of deferred tax income. • Tax expense increased 238.1% q-on-q from Baht 21 million for Q2’2018 to Baht 71 million for Q3’2018, primarily attributable to an increase in taxable profit and
Performance in 2Q20 (1) Assets under CPNREIT comprises 1) 5 shopping malls, namely CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao (including Pinklao Tower A & B office buildings), CentralPlaza
deferred tax asset effect to reflects t he company's true earnings from its normal operations. In Q3/2019, such amortization expense adds up to Baht 372 million consisting of the amortization of assets
in late 2018. Depreciation and amortization expenses of THB 87 million decreased by 15.9% yoy from fully depreciated of assets under Dusit Thani Bangkok. Education Business In 2Q19, revenue from
156 92 299 92% 225% 490 663 35% Reversal of allowance for gain/(loss) from impairment of assets 3 19 (1,358) N/A N/A 5 (1,441) N/A Share of profit (loss) of associate (1) 54 420 N/A 678% 5 492 N/A Gain
% 10% 76% 31 Dec 22 31 Mar 23 ANALYSIS OF STATEMENT OF FINANCIAL POSITION +0.7% Total AssetsA As of 31 March 2023, the total assets of the Company were THB 1,260 million, increased by THB 9 million or