new standard retrospectively and have restated comparatives for the prior year presented (full retrospective approach). Changes in accounting policies: Thai Accounting Standard no.40 (TAS 40

7,300.16 million Baht Long term loan 43.37% Debenture 32.85% Long term loan due in 1 year 11.32% Short term loan 12.47% EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT

7,270.25 million Baht Long term loan 43.55% Debenture 32.98% Long term loan due in 1 year 11.36% Short term loan 12.10% EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT

Other Payables 102.7 4.3% 119.5 5.2% 16.8 16.4% Long-term Debt due within a year 122.4 5.1% 126.2 5.5% 3.8 3.1% Long-Term Loans, Net 562.7 23.4% 402.0 17.4% -160.7 -28.6% Debenture 467.0 19.4% 99.0 4.3

prior year. Moreover, bank fee for letter of guarantee for oil and gas construction was increased, which in line with project value. 6. The Group has received long term loan form the financial institution

MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 1 U CITY PCL 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by 53.4% YoY

financial institutions. The current portion of long- term loans due within one year also decreased because the company has fully repaid its loans to financial institutions. The increase in current liabilities

3.1% 63.0 474.8% Trade and other payables 140.2 6.2% 123.6 5.0% -16.6 -11.8% Long-term loan within 1 year payment 73.8 3.3% 115.4 4.6% 41.6 56.4% Short-term loan 386.5 17.1% 39.6 1.6% -346.9 -89.7% Long

5.0% -16.6 -11.8% Long-term loan within 1 year payment 73.8 3.3% 115.4 4.6% 41.6 56.4% Short-term loan 386.5 17.1% 39.6 1.6% -346.9 -89.7% Long-term loans - net 760.2 33.6% 644.8 25.8% -115.4 -15.2

92.06 million, or 19.49%, in Q2’20, and by Baht 95.27 million, or 9.76%, in the six- month period. There was more contract manufacturing in full-service format compared to the previous year. - Immovable