decreased THB 7.72 million or 33.65 percent. Because of the bank overdrafts and short-term loans from the financial institutions were decreased Income Tax The Company and its subsidiaries' income tax was

subsidiaries' financial costs was decreased THB 7.72 million or 33.65 percent. Because of the bank overdrafts and short-term loans from the financial institutions were decreased Income Tax The Company and its

Q3/2016) due to there is no investment in an associated company  Cash flow from financing activities increased 25 MB and the short-term of loans from financial institutional increased 45 MB, cash

percent. Financial Costs The Company and its subsidiaries' financial costs was increased THB 21.07 million or 221.26 percent. Because of loans from the financial institutions were increased. Tax expenses

 Declining in other expenses of 97.49 Million Baht due to quarter 3-2016 on reversal of allowance for doubtful loans account to Thansettakij Shareholders’ of 57.12 Million Baht, accrued interest of 4.67

, respectively. - Financial expenses increased from Baht 14.90 million in 2016 to Baht 18.07 million in 2017, or 21.29%, resulting from the use of personal loans of 9.00% per annum and overdraft facilities 7.50

) million Cost of rubber plantation increase by Baht 2.41 million Intangible asset decrease by Baht (1.65) million Liabilities Bank overdrafts and short-term loans from financial institutions increase by Baht

by 4.0% due to interest expenses of short- term loans. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2019 March 31

of Long-term loans from financial institutions - net of current portion amounted 3.8 million baht. (3) Shareholders’ Equity Total shareholders’ equity as of March 31, 2018 was 1,335.3 million baht

31 Dec 2017 Change MB. % MB. % MB. % Current portion of long-term loans 121.5 4.8% 115.3 4.6% 6.2 5.4% Short-term loans 79.5 3.1% 39.6 1.6% 39.9 100.8% Debentures – Current Portion 268 10.6% - - - Long