concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at actual cost

Financial Advisor will express views on, for example, the rationality and benefits, fair pricing and conditions of the transactions to the Company. 10/11 6. Connected transaction Type of transaction: ( 1) A

company to lease for business operation. The fair value of such property was approximately 76.9 million Baht, which was appraised by an independent appraiser on February 10, 2016. - 9 - INTEGRITY QUALITY

fair value measurement in MACO at the acquisition date of THB 207mn PERFORMANCE ANALYSIS (1Q 2017/18 vs 1Q 2016/17) In 1Q 2017/18, the VGI Group reported a consolidated operating revenue of THB 852mn, an

differences decreased the equity in the amount of Baht 603.31 million; in addition, fair value changes in investment in EDL-Generation Public Company decreased the equity in the amount of Baht 151.18 million

are booked at cost and depreciated with the straight-line basis over the life of the assets. The estimated fair value is THB 171,530 mn (THB 167,688 mn in December 2016), stated in the disclosure notes

Baht, mainly due to the recognition value of joint venture of the Apollo’s deal and realized gain from the re-measurement of the remaining investment at fair values. Appropriateness of the Funding

basis over the life of the assets. The estimated fair value is THB 175,042 mn (THB 167,688 mn in December 2016), stated in the disclosure notes to the main financial statements no. 9 under “Investment

to The Crown Property Bureau (THB 834 million), an increase in available-for-sale investments due to the changes in fair value of investments (THB 98 million), a decrease in property, plant and

Agreement of Baht 227.44 million (excluded VAT). The details are as follows: Details (Unit : Million Baht) Fair value of the right to sell the advertising time during the broadcasting of 254.79 Golf European