return on equity at 7.80% lower than the year 2016 having the return on equity at 13.73%. Asset Management As of 31st December 2017, the Company’s financial position was analyzed from changes in the assets

and amortization on intangible asset under concession agreement of the MRT Blue Line Project (non-cash expenses) which inline to the increase in traffic volume and ridership. Selling and administrative

contributor the significant decrease in the selling and administrative expenses as well as asset impairment. The decreasing of selling expenses from property business were due to a decrease of selling and

maintenance expense in accordance to the schedule together with the increase in amortization on rights to operate completed expressway sectors and amortization on intangible asset under concession agreement of

Rail business consisted of costs of farebox, O&M cost and amortization on intangible asset under concession agreement of the MRT Blue Line Project. For the first quarter of the year 2020, the cost was at

June 30, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2020 Overall Group Performance Table 1

and amortization on intangible asset under concession agreement of the MRT Blue Line Project. For the third quarter of the year 2020, the cost was at Baht 1,312 Million, representing an increase from

Revenue • After You Public Company Limited (“the Company”) reported consolidated operating revenue of THB 219 million in Q1/2020 which decreased by 24% from Q1/2019. • The decrease was mainly from the

ลงทุนของลูกค้า       (ข)  การกำหนดโครงสร้างการลงทุน (portfolio construction) โดยจัดสรรและกำหนดสัดส่วนการลงทุนหรือการทำธุรกรรมในผลิตภัณฑ์ในตลาดทุนที่เหมาะสม (asset

  retained Net debt to EB finance cost rem ncial Position   mn/% to total asset)  h   nvestment  e receivable  ntories  ers  ent Assets  ctrum license  work and PPE  ngible asset  er tax asset  ers  l Assets