Discussion & Analysis (MD&A) Q4/2017 and FY2017 3 • Q4/2017 and FY2017 market environment Thailand’s Gross Domestic Product (GDP) has grew by 3.9% in 2017 which exceeds the 2016 by 0.7%, after recovering in

other income in amount of Baht 7.30 million compared to the same period of last year, due to the decrease of investment fair value in line with the decrease of SET index and service fees received from

value gains (losses) and other income totally increased by 16.9 million Baht, net claim expenses (less claim recovery from reinsurers) however rose by 33.32 million Baht. The ratio of net claim expenses

is less than the net asset value of the acquisition of shares at the acquisition date. The Company is still considering the gain from the acquisition of the business resulting from the difference

and gain on investment (minus fair value losse) totally increased by 26.5 million Baht partly due to the fact that the Company won savings lottery issued by Bank for Agriculture and Agricultural Co

: Manufacturer of finished garments Issued and paid-up share capital : Baht 30,000,000.- classified into 3,000,000 ordinary shares, with par value of Baht 10 per share Pre-transaction shareholding level : 573,000

investments and fair value gains however totalled Baht 113.48 million, an increase of Baht 41.53 million or equivalent to 57.72%, due to the increase of the price of stocks listed on stock exchange of Thailand

to make payment to the other party, or vice versa , in the amount which is equivalent to the difference between the price or value of goods or variable specified in the contract and the price or value

to make payment to the other party, or vice versa, in the amount which is equivalent to the difference between the price or value of goods or variable specified in the contract and the price or value

baht, resulted from the fair value of such trucks is higher than book value on the date of merger.  SSK Inter Logistic Co., Ltd. (“SSK”) has assigned its asset to be property foreclosed: the underused