9 months of the year 2018 ended September 30, 2018 as follows: Company’s Performance (unit: million Baht ) 2018 (9 Month) Percentage 2017 (9 Month) Percentage Total income and other income 11.41

Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 9.4% y-on-y in Q1’2020 to THB 11,223 million primarily due to 1) full- period

THB 250 million in 2Q20, decreased by THB 7 million or 2.7% YoY mainly due to the decreases of service income of Dusit Hospitality Services and dividend income and Arrangement fee income of THB 232

received in the future throughout the lifespan of the instruments and the principals to be repaid, discounted as the present value. It is used to measure the rate of return of a fixed income fund, calculated

. Challenges persisted, including uneven income recovery, restrained spending in mid to low-income segments, high household debt, and global macroeconomic uncertainties. As a consequence, the overall economic

of Baht 0.28 million was shown profit from a sales of a vehicle. (5) Dividend income In 2017, the Company had no dividend income, which impacted the revenue to decrease. In 2016, the Company received

2015 has decreased by THB 2.30 million or 74.97% from the 2nd quarter of 2014. AIL only focuses on serving only group business. 5. Other Income The Company and the Subsidiaries had Revenues from Other

million which decreased by THB 6.89 million or 74.97% from the 2nd quarter of 2014. AIL only focuses on serving only group business. 5. Other Income The Company and the Subsidiaries had Revenues from Other

1,349.8 1,294.3 55.5 4.3 Unbilled Payables 481.0 459.8 21.2 4.6 Long-terms loans, current portion 16.1 29.0 (12.9) (44.5) Income tax payable 37.5 24.8 12.7 51.2 Advanced receipts from customers 58.6 87.8

despite a slowdown in the last few months of 2018; 2.) growth in private consumption supported by higher household income in both agriculture and non-agriculture sectors along with recovering consumer