orchards. There are more than 70 units of caravan this year. Moreover, the Company greatly organized more variety of events such as product launch events, workshop, thanks agent party etc. 2. Revenue from

AND ANALYSIS Golden Lime Public Company Limited Golden Lime Public Company Limited 2 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 1. Highlights  Health and safety: There were

million recorded in last year. Compare to 2019, there were share-based payment recorded in Administrative expenses of Baht 11 million. 5. Corporate income tax decrease by Baht 22 million. Income tax payment

debt. Administrative Expenses In 2019 , the company had administrative expenses of 72.62 million baht increased by 11.57% from the previous year when there were 65.09 million baht. However, if it was

sales, IT system development and internal control improvement of subsidiaries. Other Transaction In 2019, there were Baht 8.6 Million and Baht 14.9 Million from revenues and expenses from new office

year before. This was partially offset by a drop in the sale of holiday club memberships. At the time of this report, there is a total of Baht 3,098 million in property sales revenue which will be

3.27 million Baht which was one-time expense whereas there was no the expense in this year.  Finance Cost Financial cost increased by 2 million Baht; 1 million Baht from the Company. In the previous

prior year included the sales of 2 units of Banyan Tree Spa Pool Villas. At the time of this report, there is a total of Baht 2,520 million in property sales revenue which will be recognized in the future

of its assets. To achieve the target revenue. Financial ratio analysis. From debt to equity ratio of 0.56 times, there is no risk in borrowing.The Company's performance For three months Ended on June

and Q2/2017 used the existing financial credit amount established since 2016 and new financial amount has not yet been considered. ➢ Withholding tax refund has not full amount received, there are