4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018

315 130 (61)% Add: Non Operational/Extraordinary income/(expense) 21 124 (83)% 18 (8) 167 (89)% Acquisition cost and pre-operative expense, (35) (16) 119% (10) (8) (7) 34% Gain on Bargain Purchases

Vietnam as well as 2 more “Younique Customized Furniture 4.0” showrooms at Index Living Mall stores. Note: *One-time expenses in 2018 were due to the closure of ILM Malaysia, while the one-time expense in

9,995.9 (2,348.2) Trade and other receivables 1,713.4 1,854.0 (140.6) Reimbursable maintenance expense 1,050.3 1,552.2 (501.9) Total current assets 11,429.8 14,380.6 (2,950.8) Non-current assets Investments

% 822,150 10% 422,376 6% 92,496 2% Trade accounts receivable - net 550,644 6% 588,557 7% 398,049 6% 276,944 6% Accrued income 427,950 5% 782,780 10% 790,269 11% 702,739 15% Other receivables 77,600 1% 85,826

overall 2019 growth at 2.4% the lowest in five years. Exports were hit by trade tensions and the appreciation of the Thai baht had a detrimental effect, which fed through to the domestic economy. The

increased downside risks from external factors such as uncertainty in the U.S. economic policies may affect international trade, the slowdown of the Chinese and the EU economies and etc. According to the Bank

expense for the annual staff seminar which was postponed from late 2016 for THB 1.69 million or 0.51% of total six-month revenue and recorded loss from closing Maygori at the Common Thonglor branch

or 35.92%. This was mainly due to the increase in the number of office employees to support the branch expansion plan. Moreover, in February 2017, the Company recorded the expense for the annual staff

residential projects, write-off/impairment of asset, one-time income/expense, etc. Total Revenues In 4Q17, Singha Estate reported consolidated total revenues of Bt2,564mn, representing a growth of 80% YoY and