countries.  Thailand received the overall score of B, tied with Netherlands, Singapore and Taiwan. Its score was also above average among countries evaluated due to tax privileges supporting the investment in

-2,004 -101% Tax income from deferred tax assets - 84 -100% - n.a. - 84 -100% Extra item net of tax 14(3) -1,920(2) -101% 2(3) 600% 16(3) -1,920(2) -101% Net Profit after extra items -22 -1,853 -99% 22

7,355 65 21 7,329 7,376 (47) (1%) Profit (Loss) before FX, deferred income tax, impairment and impact of lease income 9,054 9,035 214 122 9,268 9,157 111 1% Loss from impairment (352) (509) - - (352) (509

(Million THB) 985.92 870.45 13.27% 507.97 472.19 7.58% (%) 8.76 9.06 (0.30%) 5.58 6.06 (0.48%) 9. Profit before interest and income tax (Million THB) 1,745.37 1,361.85 28.16% 1,494.98 1,202.77 24.29

tax income (expenses) 9.05 99.03 (90.86) Income tax income (expenses) 3.25 (8.77) (137.06) Profit for the year 12.30 90.26 (86.37) The operating results of the Company and its subsidiary in the year

cost and income tax expenses 2,872.9 28.8 5,155.2 31.0 2,282.3 79.4 Share of loss from investments in joint ventures 218.5 2.2 536.4 3.2 317.9 145.5 Profit before finance cost and income tax expenses

) (0.2%) (0.63) (0.1%) 0.17 (21.3%) EBT 108.85 22.6% 139.69 26.7% 30.84 28.3% Tax (11.41) (2.4%) (17.78) (3.4%) (6.37) 55.8% Net profit after Tax 97.45 20.2% 121.91 23.3% 24.46 25.1% Revenue from service

95.0 22.3 Total Expenses 11,482.6 69.0 9,621.5 68.1 (1,861.2) (16.2) Profit before share of loss from investments in joint ventures, finance cost and income tax expenses 5,155.2 31.0 4,500.7 31.9 (654.5

and income tax (million THB) 319.81 1,100.93 (70.95%) 311.70 1,040.50 (70.04%) 7. Profit before tax (million THB) 318.55 1,100.17 (71.05%) 311.37 1,040.20 (70.07)% 8. Net profit (million THB) 248.78

34.02% Administrative expenses 16.94 7.3% 21.67 10.9% - 4.73 -21.81% EBITDA 50.15 21.5% 45.55 22.9% 4.60 10.11% Finance cost 0.73 0.3% 1.39 0.7% - 0.66 -47.36% Income tax expenses 4.89 2.1% 2.50 1.3% 2.39