million to its shareholders 2.1.2 Property, leasehold improvement and equipment as of September 30, 2017 was of Bt6,619.4 million, increased by Bt1,727.5 million or 35.3% from December 31, 2016. Most of the

repayment from the joint venture. 3. Decrease in investments in available-for-sale of THB 227.1 mm, mainly from decrease in market capitalization of property funds and REITs after the market price decreased

cash equivalents decreased as mentioned above, effect to the Group's property, plant and equipment and other advances have increased Baht 54.45 million and Baht 2.39 Management's Discussion and Analysis

Investment in related company 12.22 0.57% 10.99 0.48% Long-term investment 2.66 0.12% 2.73 0.12% Property, plant and equipment, net 422.09 19.67% 448.52 19.75% Intangible assets – net 0.62 0.03% 0.76 0.03

forward with modern construction materials retailers or modern trade operators still expanding their business with new branches and property development group beginning to open new projects. In addition

2016) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur Authorized Director Authorized Director

นีโยบายเน้นลงทุนในตราสารแห่งทุน ตราสารแห่งหนี้ ตราสารกึง่หนี้กึง่ทุน หน่วยลงทุน ของกองทุนรวม ETF หน่วย CIS หน่วย Property หน่วย REITs หน่วย Infra เงนิฝาก และ/หรอื ตราสารเทยีบเท่าเงนิฝาก โดยกองทุนจะพจิา

lease payments and is subjected to an interest rate and decreases as lease payments are made throughout the periods. b. Right of Use (ROU) is recorded under assets (property, plant and equipment) at the

offense relating to property committed with dishonest intent; (3) Having been an executive of a financial institution whose license is revoked, unless an exemption has been granted by the Office; (4) Having

following prohibited characteristics: (1) Being a bankrupt; (2) Having been imprisoned by a final court judgment for an offense relating to property committed with dishonest intent; (3) Having been an