E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a decelerating rate due to slowdown in external sector and manufacturing production at home. Meanwhile, private consumption which continued to expand was derived mainly from increased expenditures on automobiles. Nonetheless, the business sector remained challenged by new modes of competition, the broade...

156 92 299 92% 225% 490 663 35% Reversal of allowance for gain/(loss) from impairment of assets 3 19 (1,358) N/A N/A 5 (1,441) N/A Share of profit (loss) of associate (1) 54 420 N/A 678% 5 492 N/A Gain

next book value after reduction of the allowance for doubtful debit as shown on the balance sheet. 2. Risks on Interest Rates Risks on the chanage of interest may cause the damage on the Company in

RECEIVABLES (THB mn) 31 DECEMBER 2017 31 DECEMBER 2018 Not yet due 124 293 Up to 3 months 89 144 3 - 6 months 0 67 6 - 12 months 0 13 Over 12 months 13 11 Total 227 528 Allowance for doubtful debt 11 6 1,482

of days of inventory = Average inventory / (Cost of sales of goods / Number of days in the period1) Collection period (days) = Average trade account receivables before allowance for doubtful account

months 13 35 Over 12 months 11 33 Total 509 661 Allowance for doubtful debt 6 9 LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 DECEMBER 2018 (Restated) 31 DECEMBER 2019 (THB mn

period last year, mainly driven by improving sales and overall gross profit margin and significantly less losses from the ICUK operation. Not to mention, the Company recorded the allowance for impairment

liabilities Number of days of inventory = Average inventory / (Cost of sales of goods / Number of days in the period1) Collection period (days) = Average trade account receivables before allowance for doubtful

2019, the Company had the selling and administrative expenses of 2,333.5 million Baht, a decrease of 432.5 percent, mainly due to a decrease in allowance for doubtful accounts from creditors of

-free with larger data allowance. Blended ARPU slightly declined from Bt251 to Bt244. In 1Q17, AIS Fibre recorded a net addition of 72,400 with a focus on the quality of subscription. With better customer