of the Company (from the consolidated financial statements) Baht (39.08) million Baht 313.38 million Profit (loss) for three months (from the separate financial statements) Baht (25.26) million Baht

significant incomes must be displayed in a separate row (if any). 2.2 Give a separate description of each product line or business group in the following matters (according to the income structure). The

administrative expenses represented 45% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 43% in the first

) (name of the NRI CIS) Legal entity refers to the legal form of Thai CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC

CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC Thailand to set up a mutual fund and offer investment units to investors

decrease was partially offset by 3) an increase in trade and other receivables of THB 52mn (see further details in trade and other receivable section) and 4) an increase in prepaid expenses of THB 19mn

JVs that are bearing costs associated with sales, marketing and project development. It was partially offset by THB 17mn profit contribution from Absolute Hotel Service (AHS). MANAGEMENT DISCUSSION

and equipment from MACO’s subsidiary of THB 50mn, 2) an increase in long-term loans to associated company of THB 51mn. However, the increase was partially offset by a decrease in 3) advance payments to

utilize Land and Buildings in small parts, i.e. the Company partially utilizes some office space. 8. Plans for utilizing the proceeds from the asset disposal Proceeds received from the disposal of Land and

new product, Carabao Green Apple. Sales of branded products by 3rd party’s manufacture decreased by THB 229 million or 35.8 which was partially offset by an increase in sales of 3rd party products for