as of 30th June 2020, which grew by 1% from THB 2,600 million as of 31st December 2019. The increase in the assets was largely due to the first-time adoption of Thai Financial Reporting Standards (TFRS
of Thai Financial Reporting Standards (TFRS) No. 16 Leases that required long-term operating leases to be booked as an asset at the present value. 2. Total liabilities were THB 1,542 million as of 30th
E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction
copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the third quarter of 2017 (a copy in Thai and English) 3. Company's performance report, Form F45-3 for the third quarter of 2017
governance in order to bring the capital gains obtained from investment to be used in the Corporate Social Responsibility. Results of the Quality Assessment of the Annual General Meeting of Shareholders Thai
Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 December 2019 Executive Summary The Thai economy in the last quarter in 2019 continued to grow
and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade
afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the
could generate the Cash Margin.) Net gain on foreign exchange rate Consolidated net gain on foreign exchange amounted to Baht 334 million which result from the appreciation of the Thai Baht versus the US