was decreased by 331 million Baht mainly due to costs of replacement and dismantling of transmission line and switchyard as part of the construction of SBPL. Page 12 BRWF: Unit : Million Baht Quarter 1

Malaysian and Indonesian market by acquiring 75% in VGM. Strengthening our international footprint is an integral part of MACO’s strategy and VGM will be the flagbearer in expanding our Out-of-Home (“OOH

baht respectively. The financing part was net Baht -114.04 million by drawing up short term loan 104.88 million to settle trade creditors and payment of dividend by Baht -218.92 million. In total, net

lowest in the past 10 years. The Company realized its stock loss of 2.75 million Baht from the recording NRV on 31 December 2018. Besides, part of the loss was caused by allowance for impairment of

Department of Meteorology was expected that the total rainfall in the Eastern part of Thailand will be lower than average level about 20% during November 2019 – January 2020. The average water in the

Protection Act which came into effect in 2019. The increase was also driven in part to the adverse impacts of foreign exchange fluctuations between the U.S. dollar and the Euro under our food segment. The

2019 for crude glycerine used as raw material in production of refined glycerine. Besides, part of the loss was also caused by loss on impairment of investment in subsidiary (AIL) of 20.75 million Baht

, the joint operating strategy was considered an important part that the subsidiaries and associates could generate profits from the operating result. The details of the development and the direction of

, kitchen utensils and space usage expense of production unit. Major part of cost of sales is raw materials. 2019 vs 201812M 2019 vs 201812M 70 84 271 329 Q4/18 Q4/19 2018 2019 27.6% 29.3% +20% +21% • Selling

last year Baht 30 million or 14.2 percent. - Long- term deposit from financial institutions - the remaining payment due within one year decreased by Baht 30 million as part of the company which decreased