Analysis of the company As of September 30, 2020, the Company has financial position that changed from its financial status as of December 31, 2019. The changes are described as follows: Assets Items that
December 31, 2018. The changes are described as follows: Assets Items that has significant changes Balance by Quarter Change Q3–19 Q4–18 Q3–19 VS Q4–18 (MB) (MB) % Cash and cash equivalent 244.7 1,265.8
responsible according to the concession agreement (same amount of interest income as described above). However, if not included this transaction, financial cost decreased by Baht 189 Million from principle
remaining residences are expected to be transferred in 2018. MahaNakhon Project: From the property development project as described above, the total cumulative transferred value of the MahaNakhon- The Ritz
remaining residences are expected to be transferred in 2019. From the property development project as described above, the total revenue recognition is 15,746 million Baht. Thus, the Company determines to
Meeting of the Shareholder No.1/2019 on March 18, 2019 approved the Company and the subsidiary to settle the disputes with EXAT as described in No.1. It is pending to the EXAT proceeding according to the
details are described in no.4, while current investments decreased in the amount of Baht 1,166.26 million. 3.1.2 Trade accounts receivable from related parties of Ratchaburi Electricity Generating Company
or 26.61% from the same period last year, which can be described by business segment as follows: Industrial and OEM (B1) Revenue in this segment increased by Baht 20.84 million or 126.84% compared to
described. Q1/2019 Selling Expenses The Company and its subsidiaries recorded selling expenses of Baht 153 million, a decrease of 25% YoY. Selling expenses to sales reduced to 12% from 15% in Q1/2018 due to
statement adjustment in accordance with new Thai accounting standards, and higher cost of goods sold and higher depreciation as previously described. Q1/2019 Selling Expenses The Company and its subsidiaries