improvements but certain limitations still remain 1) Structural problems in the Thai economy leading to a still low level of private consumption 2) The appreciation of Thai Baht due to the high current account
in the year 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset value in AUD currency. 2.2 Share of Profits of Associates and Joint Ventures
but adversely impacted from strengthened THB appreciation against USD and PHP. Without such FX impact, revenue from overseas owned hotel should have increased by 7.6%. Revenue increase were contributed
appreciation of Thai Baht which reflect the lower competitive advantage of Thai chicken export as compared to Brazil. EU Countries were the second largest export market of Thai chicken meat which sales volume of
be cautious upon 1) Crude oil and commodity prices trend - recovering trend will aid Thailand's inflation to rise which in turn will result in rise of farm income and ease Thai Baht appreciation via
mainly due to a decrease of Availability Payment (AP) according to the PPA and Baht appreciation, comparing to the same period of the previous year. Page 14 EGCO: Unit : Million Baht Quarter 3 Change
exchange for the 3rd quarter of 2017 amounting to THB 268 million (Separate: THB 165 million). The gain is attributed to the appreciation of the Thai Baht versus the US dollar. Selling expenses
million from the end of December 2018, due to the effect of the Baht’s appreciation on the Bank’s senior unsecured debentures issued in foreign countries. Shareholders’ Equity Shareholders’ equity
appreciation of the Thai Baht versus the US dollar (Separate: Baht 684 million). 4. Statement of financial positions Total Assets As of 31 December 2019, the consolidated total assets amounted to Baht 26,400