related to the branch expansion and (3) an increase in trade and other current receivables related to franchise branch construction work and marketing partnerships with banks, telephone network operators

million (iii) Goodwill of Baht 2,772.9 million, (iv) Intangible assets of Baht 1,918.2 million and (v) Net Trade and Other Receivables Baht 811.4 million. Liabilities As of 31 December 2019, Total

amount of Baht 700 million. 4.1.3 Financial lease receivables from related party decreased in the amount of Baht 1,954.25 million. Management Discussion and Analysis For the Three-month and Six-month

2016 Total assets were THB 11,432 million, up by THB 1,654 million or 16.9% from THB 9,778 million as of 31 December 2016 due mainly to trade receivables and inventories set to move in response to our

December 2016 due mainly to trade receivables and inventories set to move in response to our growth in business operations. In addition, such increase in total asset also resulted from our investments in

). Unit: THB mn 30-Sep-17 % to total assets 30-Dec-16 % to total assets %Chg Cash and cash equivalents 515 5.3% 870 9.6% -40.8% Short-term investments 446 4.6% 358 4.0% 24.7% Trade and other receivables 459

29.2% from THB 9,778 million as of 31 December 2016 due mainly to trade receivables and inventories set to move in response to our growth in business operations. In addition, such increase in total asset

and operating results for the Quarter 3/2016 Page 7 / 8 million, respectively. In addition, trading and other account receivables were increased at 12.69 MB mainly from special orders for 2 projects

current assets were Bt34,841mn rising 9.2% YoY from account receivables, following a larger base of postpaid customers, and handset inventories. Total non- current assets were Bt249,226mn increasing 2.2

days of inventory = Avg. inventory / (Cost of sales of goods / Number of days in the period1) Collection period (days) = Avg. trade account receivables before allowance for doubtful account / (Total