though the disposal of assets by means of a bidding process is considered a fair process and does not benefit the connected person of the Company, for the transparency purposes and in order for the Company

not always tally with consolidated financials due to holding segment 3Excludes price adjustment for captive sales on freight saving. This does not have any impact on regional or consolidated EBITDA

million, increased by THB 85.53 million or 9.47% up as compared to 9M2016 due to higher freight cost from higher export volume. Share of Profit from Associated Companies The consolidated share of profit

consolidated SG&A expenses in 2017 equaled to THB 1,316.20 million, increased by THB 73.56 million or 5.92% up from 2016. The Consolidated SG&A expenses increased from higher freight cost as reflect from higher

214 million, an increase of THB 13 million or 6.3%, mainly due to a rise in freight expenses in relation to export sales. Administrative expenses were THB 191 million, decreased by THB 1 million or 0.5

is in the range of fair value as appraised by the financial advisor based on the Discounted Cash Flow Approach, as the appraisal of fair value method which reflects the future operational results of

designated at fair value through profit or loss, net 62,709 0 62,709 n.a. Gain (loss) on investments, net 389,893 177,943 211,950 119.1 Dividend income and profit sharing 967,561 673,584 293,977 43.6 Other

(180,426) (39.5) Gain on financial liabilities designated at fair value through profit or loss, net 285,937 62,709 223,228 356.0 Gain on investments, net 568,068 389,893 178,175 45.7 Dividend income and

1,403.61 million). In this case, even though the disposal of assets by means of a bidding process is considered a fair process and does not benefit the connected person of the Company, for the transparency

The selling price of the shares in the value of Baht 2,065 Million is in the range of fair value as appraised by the financial advisor based on the Discounted Cash Flow Approach, as the appraisal of