18.5% in 2Q17. Financial position Comparing to Dec-16, total assets were Bt279,731mn and rose 1.5% from higher network and PPE following 4G expansion. Total liabilities were Bt237,838mn and increased 2.1

772,500 19.3125 6. Mrs. Ticomporn Losiri 50,000 1.2500 7. Mrs. Tichakorn Chaiaeim 10,000 0.2500 Total 4,000,000 100.0000 3. List of VAVA's director Name Position Mr. Veerachart Losiri Director, Authorized

company has invested to improve the production stability for Sattahip and Borwin Waterworks. 7. Financial Position Analysis Financial Position (MB) As of 31 Dec 2016 As of 30 Sep 2017 YoY % Total Assets

for the Group in the year , as previously described in last year . Financial position Statement of Financial Position – Consolidated (Million Baht) As at As at % September 30, December 31, 6 Assets

, significantly increase from gain on joint venture investment of totaling 7,113 Million Baht 6 2017 MD&A: PACE Development Corporation PLC. Statement of Financial Position Assets As at June 30th, 2017, the total

Discussion and Analysis For the Year Ended December 31, 2017 Page 8 3. Analysis of Statements of Financial Position 3.1 Analysis of Assets As at December 31, 2017, the total assets were Baht 94,224.83 million

was appreciated from 35.9 THB/USD at the beginning of 2017 to 32.5 THB/USD at the end of the year or 10% appreciation. Nevertheless, GGC’s financial position for the year ended 2017 remains strong, with

WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 5 7. FINANCIAL POSITION ANALYSIS Financial Position (MB) As of 31 Dec 2016 As of 31 Dec 2017

year. As a result, the profit of 2017 increased as significantly from the previous year. 4. Financial position Statement of Financial Position – Consolidated (Million Baht) As at Increase (Decrease

assets 19,545,754 17,812,868 10% Table 5: Condensed Statement of Financial Position Management’s Discussion and Analysis (MD&A) for year 2017 16 Unit : Million Baht 31 December 2017 31 December 2016