of 2017, or up to 39.97%. Total operating expenses were included employee benefit expenses, fee and service expenses, financial costs and other expenses.

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

Income 102.17 0.51 106.76 0.57 (4.59) (4.30) Lease Liabilities 355.75 1.79 - - 355.75 100.00 Provision for Employee Benefit 558.65 2.81 551.45 2.93 7.21 1.31 Other Non-Current Liabilities 14.36 0.07 15.43

this regard, there shall be no more than 10% of total votes of shareholders who attend the meeting and vote against such offering. 3 This means the offer for sale of shares under the employee stock

for warranty 0.73 0.11% 6.89 0.91% 3.90 0.83% 6.11 1.24% Obligation under finance lease 0.76 0.11% - 0.00% - 0.00% - 0.00% Employee benefit obligation 13.81 2.07% 15.54 2.06% 10.13 2.16% 7.07 1.43

liabilities under financial agreements 158,833 2% 47,000 1% - - Deferred tax liabilities 20,909 - 31,230 1% 8,051 - Employee benefit obligations 167,253 3% 137,981 3% 103,501 3% Other non-current liabilities

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q3/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 On the 9th October, after Global Power Synergy Public Company Limited (GPSC) (‘company’) have finished the Rights Offering process of Baht 74,000 million and has allocated the not exceeding 1,321,428,571 newly-issued ordinary shares to the shareholders of the Company at the offering price of Baht 56 per share. As a result, the com...

10,554 11,357 11,438 Non-current provision for employee benefit 18,665 15,292 15,912 21,263 Total Non-Current Liabilities 266,953 512,033 609,737 566,457 Total Liabilities 1,214,697 1,353,868 1,371,977

payment in the amount of Baht 5,001 million. Fifthly, the reversal of the gain from the valuation of available-for-sale investments and the loss on remeasurements of post-employee benefit obligations were