881 Website: www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2017 3 Malaysia (AQI), interest income of Baht 22 million from a synthetic convertible loan to Sakthi Global

, whereas Baht 13.37 million in 2017, showing an increase of Baht 5.83 million or 43.61 % increase due to recording of the interest payable for convertible debenture of Baht 6.96 million whereas the interest

., Ltd. (NCLVietnam) through convertible loan agreement, holding 100% of total shares. NCL Vietnam earned revenue and gross profit of 8.72 million Baht and 3.57 million Baht respectively, with net profit

Container Line Company Limited (“NCL-Qingdao”) in China, holding 100% of shares. 2. Invest in NCL Inter Logistics Vietnam Company Limited(“NCL-Vietnam”) via convertible bond loan agreement with share ratio of

Financial Reporting Standards No. 16 which effective since January 1, 2020. Moreover, trade and other payables increased by Baht 150.31 million, convertible debentures – liability component increased by Baht

3.1 Sustainable Development and Corporate Governance 9 3.2 Business Directions of KASIKORNBANK and the Wholly-owned Subsidiaries of KASIKORNBANK 10 3.3 Customer Segments and Services 11 3.4 Service

by Baht 146.93 million or 3.46% from last year. Mainly it was from the decreasing of inventories, Land development costs and Property, plant and equipment. Total Liabilities Total liabilities as at

by Baht 28.8 million or 121.5% when compared to the same period last year. The increase was chiefly from new project development and acquisition-related costs from overseas investments. 4

machinery for water resource development and related business. The company receive a sales order 1 boat sucking mud for prototype. We are going to delivery to customer about end of September 2017 - To make

Limited for develop machinery for water resource development and related business. The company receive a sales order 1 boat sucking mud for prototype. We are going to delivery to customer about end of