toll revenue sharing based on the toll rate under the Ministry of Transport’s Announcement dated August 29, 2003 and the toll rates which the Company entitled to receive under the Agreement, calculated

months 145 160 3 - 6 months 67 30 6 - 12 months 13 27 Over 12 months 11 11 Total 509 455 Allowance for doubtful debt 6 7 LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 DECEMBER

Baht 17.46 Million, or 56.61%. The Group’s gross profit margin of Q2/2019 has a similar rate to the same period of the previous year. Q2/2019, the Group’s has net profit attributable to owners of the

majority of selling expense was sale personal expenses and logistic expenses. This year, the Company and its subsidiaries have no obligation to reserve doubtful debt as in the first quarter of the previous

the adoption of TFRS 15 of 124 million Baht as well as loss from exchange rate of minus 62 million Baht and the increase of registered share capital during the quarter at a total of 580 million Baht

construction works. Under this method, the revenue recognised is based on the latest estimate of the total value of the contract and actual completion rate determined by reference to the physical state of

above. The gross profit margin during 2019 was 58.9%. The improvement of gross profit margin mainly came from higher occupancy rate. 2. Sale of Investment Properties  Revenue and share of profit from

because of the following; - Decreased in gain on foreign exchange rate from Q1’19 amounting of 1.53 Million Baht and gain on selling of scrap and unused construction machine equipment and consumable

level. However, the genuine gross margin in the first quarter of 2020 was at 69.6% which increased from 54.4% in the same period of previous year, mainly due to higher occupancy rate. 2. Sale of

Statistics Office of Vietnam 3 Exchange rate is subject to BOT’s average selling rates as of 9 Jan 2020 (THB 0.1315 = VND 100) MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020/21 ENDED JUNE 2020 11 AUG 2020 MASTER AD