U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 5 U CITY PCL 15 MAY 2018 a share of profit from an associate company, MHG, which manages serviced apartments ajoining Anantara Chiang Mai

as a result of the lower expenses which including depreciation, financial expenses, FX and derivative loss and the higher profit from investments in associate and joint venture. However, as the company

5.49 924.02 5.35 1,143.42 6.31 Current Portion of Advance Received for Rental Income from Associate 7.85 0.05 9.17 0.05 9.17 0.05 Current Portion of Long - Term Loans 208.32 1.29 66.70 0.39 284.00 1.57

160.00 0.92 - - - - Trade and other payables 924.02 5.35 1,143.42 6.31 982.01 5.22 Current Portion of Advance Received for Rental Income from Associate 9.17 0.05 9.17 0.05 9.17 0.05 Current Portion of Long

associate and our joint ventures, namely ABPIF, BGYSP and BGSENA. Gain (Loss) on Exchange Rate  We recorded a loss on exchange rate of Baht 28 million for 9M’2017 FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC

 Share of profit from associates was recorded at Baht 50 million in Q1’2018, primarily attributable to profits at our associate and our joint ventures namely ABPIF, BGYSP and BGSENA Gain (Loss) on Exchange

) benefit (30,748) 101,035 (163,781) (8,966) Share of profit (loss) of associate 427 320 1,080 (57) Profit (loss) for the year 70,091 26,962 (1,241,028) (2,341,657) Non-controlling interests (5,633) 8,620

) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2) lower profits at our associate and our joint

our associate named ABPIF as ABP1’s cash flow to ABPIF approached the maturity since September 17, 2019. Gain (Loss) on Exchange Rate • Recorded Loss on Exchange Rate at THB 213 million in Q1’2020 is

in Epicure Catering Co., Ltd. of THB 146 million o Cash inflow from net financial assets of THB 479 million o Cash inflow from capital reduction on investment in associate of THB 17 million • Net cash