rights 11,207 14,086 26% Property & equipment (PP&E) 1,676 1,646 (2%) Other non-current assets 9,605 22,262 132% Total non-current assets 107,460 146,407 36% Total assets 120,574 161,708 34% Current

23% (5%) Leasehold rights 11,030 14,086 20,773 88% 47% Property & equipment (PP&E) 1,593 1,646 1,606 1% (2%) Other non-current assets 9,982 22,262 22,348 124% 0% Total non-current assets 106,617

(4%) (4%) Leasehold rights 13,960 14,086 21,002 50% 49% Property & equipment (PP&E) 1,629 1,646 1,593 (2%) (3%) Other non-current assets 22,676 22,262 26,891 19% 21% Total non-current assets 146,154

108,412 103,064 22% (5%) Leasehold rights 13,881 14,086 21,323 54% 51% Property & equipment (PP&E) 1,552 1,646 1,590 2% (3%) Other non-current assets 12,566 22,262 26,592 112% 19% Total non-current assets

) Residential for sale which includes the properties transferred to CPN Retail Growth Leasehold REIT (“CPNREIT”) and CPN Commercial Growth Leasehold Property Fund (“CPNCG”) The Company managed 34 shopping centers

162,987 56% Leasehold rights 20,783 0 (100%) Property & equipment (PP&E) 1,597 1,532 (4%) Other non-current assets 26,672 32,317 21% Total non-current assets 153,555 196,836 28% Total assets 169,933 216,363

current assets 16,378 19,526 19% Non-current assets Investment properties (1) 104,503 162,987 56% Leasehold rights 20,783 0 (100%) Property & equipment (PP&E) 1,597 1,532 (4%) Other non-current assets

, the Group had cash from long-term loans of Bt1,130 million and cash received from the sale of FPT's shares of Bt690.3 million. 2.1.2 Property, leasehold improvement and equipment as of June 30, 2017 was

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

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2018 and FY2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Executive Summary Executive Summary For 2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 3,359 million, slightly increased by Baht 184 million or 6% from 2017. The increase was due to...