FINANCIAL POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2017 31 MARCH 2018 (THB mn) % out of total assets (THB mn) % out of total assets Cash & cash equivalents and Current investments 203 10.1% 268

loss. However, losses incurred from the expenditures that prepare and increase efficiency the management of the business is a priority. 4. Financial position Statement of Financial Position

85.60 million). Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 5 3. Analysis of Statements of Financial Position 3.1 Analysis of Assets As at March 31, 2018, the total

7.65 40.38% Gross Profit 150.66 116.48 (34.19) (22.69%) 292.26 248.39 (43.87) (15.01%) Gross Profit Margin 41.71% 32.46% 41.28% 34.87% 7. Financial Position Analysis Financial Position (MB) As of 31 Dec

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Profit(Loss) attributable to equity holders of the company -31.46 -20.44 -11.02 -53.88 Financial Position as at June 30 , 2018 and December 31, 2017 (Unit : Million Baht) 2018 2017 Inc./(Dec.) % Current

6 NOV 2018 FINANCIAL POSITION (THB mn) Changes in financial position in this quarter was mainly resulting from the consolidation of Trans.Ad Group’s financial statements since 1 Aug 2018 as well as

of the construction cost and administrative expenses as mentioned above. Summary of the 3rd quarter/9-month Financial Position as ended 30 September 2018 The total 9-month income as ended 30 September

Public Company Limited (FSMART) 3Q18 Management Discussion and Analysis Financial Position MB % MB % MB % Current assets 1,348.32 31.7% 1,256.81 32.6% (92) -6.8% Non-current assets 2,912.13 68.4% 2,603.09

% EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 5 7. FINANCIAL POSITION ANALYSIS Financial Position (MB) As of 31 Dec, 2017 As of 30