increase equivalent to 14.3% at year-ended 2016. This first mainly due to increasing of trade and other receivables. The second, due to inventories and short-term investment. Current assets accounted for

% 21.4 0.9% 15.4 256.7% Trade and other receivables 39.0 1.6% 56.0 2.4% 17 43.6% Property Development Cost 243.9 9.8% 156.7 6.8% -87.2 -35.8% Investment Properties 520.4 20.8% 518.9 22.6% -1.5 -0.3% Land

K.C. Property Public Company Limited, Le Concorde Office Tower,19th Floor, Room No.1901, 202 Huaikhwang District, Bangkok 10310 Tel. 0-2276-5924, www.kcproperty.co.th, Company’s Registration No

from the overall operating results. Explanation and analysis of financial status as at 31 December 2019 The group’s assets increased by Baht 64 million, mainly due to the following reasons: • Trade and

- drink milk, drinks 498.91 290.89 1,474.70 767.79 208.02 71.51 706.91 92.07 Immovable property business 3.15 4.69 9.57 14.16 (1.54) (32.84) (4.59) (32.42) Agriculture and dairy farm 13.73 10.88 46.15 42.97

milk, drinks 564.30 472.24 1,071.06 975.79 92.06 19.49 95.27 9.76 Immovable property business 3.06 3.47 6.10 6.42 (0.41) (11.82) (0.32) (4.98) Agriculture and dairy farm 13.66 15.33 29.38 32.43 (1.67

-drink milk, drinks 599.30 498.91 1,670.36 1,474.70 100.39 20.12 195.66 13.27 Immovable property business 2.96 3.15 9.06 9.57 (0.19) (6.03) (0.51) (5.33) Agriculture and dairy farm 12.44 13.73 41.82 46.15

ready-to-drink milk, drinks 602.33 564.30 1,230.38 1,071.07 38.03 6.74 159.32 14.87 Immovable property business 1.23 0.47 0.95 0.87 0.76 161.83 0.08 9.67 Agriculture and dairy farm 13.72 13.66 32.69 29.38

- drink milk, drinks 290.89 179.68 767.79 526.20 111.21 61.89 241.59 45.91 Immovable property business 4.69 4.71 14.16 14.09 (0.02) (0.42) 0.07 0.50 Agriculture and dairy farm 10.88 13.79 42.97 48.93 (2.91

- drink milk, drinks 472.24 276.36 975.79 476.89 195.88 70.88 498.90 104.62 Immovable property business 3.47 4.76 6.42 9.48 (1.29) (27.10) (3.06) (32.28) Agriculture and dairy farm 15.33 14.80 32.43 32.09