% down comparing to income tax expense of THB 305.49 million in 2017. A decrease in income tax expense in 2018 was impacted by lower deferred income tax expense comparing to 2017. GFPT Public Company

million, increased by THB 5.56 million or 2.20% up comparing to income tax expense of THB 252. 24 million in 2018. An increase in income tax expense in 2019 was impacted by higher deferred tax expense

-off of deferred financing fee and a payment of prepayment fee of project financing facilities. ► Offset by a 79.6% increase in unrealized gain on exchange rate from financing activities relating to our

was recognition of reversal of provision from deferred difference debt restructure and recognition of gain from debt reduction by the creditor because of partially debt payment in the 1st quarter of

1,128,488 (20,746) (1.8) Goodwill 3,066,035 3,066,035 - 0.0 Deferred tax assets 1,428,641 1,338,682 89,959 6.7 Accounts receivable from clearing house and broker - dealers 6,432,640 1,334,267 5,098,373 382.1

portion 11,190.4 11,252.4 (62.0) 17 ASIA’S BOUTIQUE AIRLINE As at March 31, 2020 As at December 31, 2019 Variance Employee benefits 975.1 956.6 18.5 Deferred tax liabilities 3,179.0 5,060.0 (1,881.0) Other

Srinakarin Hotel, the early stage performance result of Dusit Suites Ratchadamri (opened in 2Q19), the appreciation of Thai Baht lowering down the EBITDA of the hotel business and the maintaining Dusit Thani

performance result of Dusit Suites Ratchadamri (opened in 2Q19), the appreciation of Thai Baht lowering down the EBITDA of the hotel business and the maintaining Dusit Thani Hotel Bangkok employee cost and

Advisors and Appointment of Investment Advisory Agents (No. 3), dated 3 December 2003. (Translation) -4- prescribed by the Office, and calculate and report of maintaining collateral and liquid asset adequacy

is committed to driving long-term growth while delivering return to shareholders. We place importance in maintaining strong financial health and flexibility to pursue future growth . Our dividend