311 1.92 279 89.79 Trade and Other Receivable 887 5.25 933 5.77 (46) (4.91) Inventories 3,846 22.74 3,653 22.61 193 5.28 Other Current Assets 20 0.12 18 0.11 2 12.36 Total Current Assets 5,343 31.60

receivable 332 272 22% Inventories 2,273 1,992 14% Other current assets 271 200 36% Total current assets 3,591 3,087 16% Non-current assets Advance payment for purchase of property, plant and equipment 210 210

accounts receivable 257 196 31% Inventories 1,163 855 36% Short-term loan to related parties 94 - 100% Other current assets 166 92 81% Total current assets 1,861 1,752 6% Non-current assets Advance payment

2016 % Increase (Decrease) Assets Current assets Cash and cash equivalents 578,124 610,143 (5%) Trade accounts receivable 32,960 195,960 (83%) Inventories 3,278,914 854,626 284% Short-term loan to

, due to an increase in mobile phone inventory in preparation for the growing handset sale. Inventory turnover day stood at 51 days, same level as last year. Net trade receivable amounted to Bt16,277mn

and cash equivalents 201 578 (65%) Trade accounts receivable 14 33 (58%) Inventories 3,861 3,279 18% Short-term loan to related parties 94 94 0% Other current assets 268 394 (32%) Total current assets

cash equivalents 201 578 (65%) Trade accounts receivable 14 33 (58%) Inventories 3,861 3,279 18% Short-term loan to related parties 94 94 0% Other current assets 268 394 (32%) Total current assets 4,438

Receivable 960.58 5.20 974.80 5.38 (14.23) (1.46) Inventories 3,909.09 21.17 3,527.98 19.46 381.12 10.80 Other Current Assets 22.71 0.12 27.15 0.15 (4.44) (16.36) Total Current Assets 5,938.75 32.17 5,770.02

, AIS had total assets of Bt296,634mn increasing 2.1% from end-18 mainly driven by higher cash, partly offset by depreciated network and lower accounts receivable. Current assets also increased from a

Discussion and Analysis (MD&A) Q1/2019 Unit : Million Baht 31 March 2019 31 December 2018 % Increase (Decrease) Assets Current assets Cash and cash equivalents 164 201 (18%) Trade accounts receivable 23 14 63