bondholders’ representative appointment agreement by revising and standardizing a widely used appointment agreement to offer convenience and cost reduction for bond issuers in establishing a standardized

repayment and interest expense in accordance to the concession agreement. Cost of service amounted to Baht 2,320 Million representing an increase from the same quarter of the previous year by Baht 41 Million

payable under the Loan Agreement caused the company financial cost slightly decreased. 2 In 2017, the company had tax benefit 3 Million Baht, management considered probable would be available which

MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement. Cost of service amounted to Baht 9,775 Million representing an increase by Baht 569

investing in the MRT Chalong Ratchadham Line Project which the MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement. Cost of service amounted to

agreement were recorded as cost of sales and services or operating cost). For the Company and its subsidiaries, the adoption of TFRS 16 Leases mainly affects the Main Lease Agreement (80% of the OFC), entered

Ratchadham Line Project which the MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement. However, when included refinance cost for the SOE long term

liabilities increased by THB 268 million mainly due to the THB 281 million increase in Non-Current Portion of Liabilities under lease agreement while Reserve for Cost of Decommissioning was written off by THB

statements Q1-2022 Q1-2023 THB Mn THB Mn THB Mn % Sales of goods and services 1,518.7 1,638.2 119.5 7.9% Revenue from finance lease under power purchase agreement 102.3 102.4 0.1 0.1% Cost of sales and

agreement 99.2 102.3 3.1 3.1% Cost of sales and services (874.7) (1,149.4) 274.7 31.4% Gross profit 439.4 471.6 32.2 7.3% Net gain (loss) on exchange rate 55.1 (4.6) (59.7) N.A.(