Discussion and Analysis (MD&A) for the first quarter ended 31 March 2020 13 | P a g e *Value may differ by one decimal point due to rounding Statement of Financial Position Unit: THB million 7% 3% 2% 9% 12% 0

of food and beverage constituted costs of operating in-mall food centers, as well as depreciation and repair & maintenance costs of food center equipment and furniture, and decoration costs. In 2018

of food and beverage constituted costs of operating in-mall food centers, as well as depreciation and repair & maintenance costs of food center equipment and furniture, and decoration costs. In 2018

of 58% YoY. Page 8 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 June 2018 31 December 2017 % Change Cash and cash equivalents 134 100 +33% Trade receivables 729 781

-mall food centers, as well as depreciation and repair & maintenance costs of food center equipment and furniture, and decoration costs. In 3Q18, CPN reported costs of food and beverages at THB 362 mn, an

. The rating reflects the company’s position as the second largest private power producer in Thailand, highly predictable cash flow from i ts long-term power purchase agreements (PPA) with the Electricity

Financial Position Comparing the Statements of Financial Position as at December 31, 2019 to the Statements of Financial Position as at December 31, 2018 is shown below: Consolidated Financial Statement

and banks. TBSP also provides other services including data printing, enveloping and mailing service, one-stop services relating to data management, forms, stationeries and equipment, document storage

financial institutions and banks. TBSP also provides other services including data printing, enveloping and mailing service, one-stop services relating to data management, forms, stationeries and equipment

provides other services including data printing, enveloping and mailing service, one-stop services relating to data management, forms, stationeries and equipment, document storage and destruction services