property 87,280 91,108 -4.20 Property, plant and equipment 282,215 218,198 +29.34 Intangible asset 4,916 4,177 +17.69 Deferred tax assets 6,087 7,674 -20.68 Other non-current assets -Cost of landfill

in finished goods to meet higher demand from customers and production of bottle from our bottle manufacturing factory that started in December 2017. 4. Property, plant and equipment Property, plant and

of systematic management of supply chain, the Company is currently under the studying process to establish a new factory to produce other packaging items mainly for captive consumption and may consider

expenses such as rental fee from office factory and warehouses, utilities expenses, office and miscellaneous expenses, tax expenses. Management Discussion & Analysis Q3/2020 Total Assets Total Liabilities

ให้สำนักงาน ก.ล.ต. สารบัญ หน้า 1. ข้อมูลเกี่ยวกับสำนักงานสอบบัญชี 1 2. กิจการที่อยู่ในเครือเดียวกันกับสำนักงานสอบบัญชี (network firm) 3 3. การจัดการภายในสำนักงานสอบบัญชี 3 4. ผลการตรวจสอบระบบการควบคุม

financial institutions, and property, plant and equipment. As of December 31, 2017 and March 31, 2018, the Company saw cash and cash equivalents to Baht 168.54 million and Baht 178.83 million, respectively

132.95 10% 104.83 8% Investment in associated company 454.39 33% 483.96 36% Property, plant and equipment 564.29 42% 558.59 42% Biological assets – dairy cow 44.44 3% 44.28 3% Others 40.42 3% 61.09 4

1,816.96 million, respectively. Major assets were cash and cash equivalents, and property, plant and equipment. As of December 31, 2017 and December 31, 2018, the cash and cash equivalents amounting to Baht

Baht 9.1 million. - 2 - 5. Maintenance supplies increased Baht 81.3 million. 6. Property, Plant and equipment increased Baht 1,524.8 million. 7. Deferred tax assets increased Baht 1.0 million. Total

associate decrease by Baht (4.17) million Investment properties increase by Baht 98.21 million Property, plant and equipment increase by Baht 552.07 million Liabilities Bank overdrafts and short-term loans