, and review of development cost in accordance with project budget. After consideration of the above, benefits to be gained from alterations of conditions do not match development input, thus project

as expenses from setting Corporate shops / consolidation in the Flexiglass’ expense (the new acquisition in that recently acquire in the beginning of 2018) / Research and development cost in new

acquisition Baht 175 million and the increase in deferred tax Baht 118 million while advance for construction work decreased by Baht 317 million, land and construction in progress and project development cost

were capitalized as project development cost; and2) loans associated with The Lofts Ekkamai were paid in full during 1Q17. Loss In 1Q18, the Companyhad consolidated net loss of THB73.9mn, compare to net

Other Receivables 50.9 39.0 11.9 30.6% Property Development Cost 261.3 243.9 17.4 7.1% Investment Properties 522.0 520.3 1.7 0.3% Leasehold Right and Building 1,317.3 1,330.8 -13.5 -1.0% Deposit 140.7

SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 2016 2017 % change million Baht million Baht y-on-y Finance cost Interest expense from borrowing 2,183 2,291 5.0

open the Project Development Cost Account as stipulated in the Power Purchase Agreement. 4.2 Analysis of Liabilities As at September 30, 2017, total liabilities were Baht 32,527.65 million, decreasing by

987.8% Trade and Other Receivables 67.7 56.0 11.7 20.9% Property Development Cost 239.6 156.7 82.9 52.9% Other current assets 34.5 26.7 7.8 29.3% Total current assets 574.4 260.7 313.6 120.3% Investment

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Issuance of

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Commercial operation of