once again in 2019. However, the company has no policy to speculate on the exchange rate but continues its prudent policy in the full hedging on net position of each currency’s exposure to minimize

and Analysis 2019 Financial Position and Capital Structure As at 31 December 2019, the Company reported total assets of THB 67,681m, an increase of THB 8,751m from 31 December 2018, including THB

loan and the Hua-Pha-Way Kiln 7 loan continue to be repaid. Shareholder equity reduced with the lower net result and reduced current assets. Financial Position Summary as of 31 December 2019 compared to

increase in revenue. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2019 6 Financial Position (Unit: Million Baht) Description 31 Dec 19 31

significant change from 2018. Statement of Financial Position Unit: Million Baht 31 December 2019 31 December 2018 Increased (Decreased) Percentage Assets Current assets Cash and cash equivalents 138.27 212.68

31st December 2019, the Company’s financial position was analyzed from changes in the assets, liabilities and shareholders' equity as follows; Transaction For the Year ended 31st December (Unit: Million

deceleration in sales revenue and the higher sales and administrative expenses mentioned earlier. Financial Position Total Assets As of 31 December 2019, the Company’s total assets stood at THB 4,956.71 million

regulation in relating to the establishment of a foreign corporation. In additional, the Company shall still held the position of managing director in order to maintain the managing duty at the post

the Quarter Ended on June 30, 2017 7 Financial Position As at June 30, 2017, the Company and its subsidiaries had total assets amounted to Baht 81,493 Million, representing a decrease by Baht 1,293

mainly due to the increase of administrative expenses from hiring management of subsidiaries, advisor and due diligence fees to audit the position of energy projects that the Company had entered into