renewable energy project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In 2019, cost of

% -64.9 -49.6% Leasehold Rights and Buildings 1,284.4 53.3% 1,288.5 55.8% 4.1 0.3% Management Discussion and Analysis (MD&A) for 2019 Page 4/5 31 Dec 2018 31 Dec 2019 YoY Mio. % Mio. % Mio. % Deposit 132.5

well as a result from the better cash flow management. 2. The increase of the capital in a joint venture in the amount of THB 164 million 3. The decrease of the land, buildings, and equipment in the

, buildings, and equipment in the amount of THB 145 million Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) 12 Months In 2017 12 Months in 2016 Variation THB % EBITDA pursuant to the

solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In Quarter 1 of 2019, costs of services and rental amounted to THB 3.25 million

office buildings and the Machinery purchase agreement with Golden Arrow Coating Co., Ltd. of which Mr. Arkran Termritikulchai and Mr. Pasithphol Termritikulchai who are its Directors and are sons of Mr

project development overseas, (2) land rental for solar projects operating under SAAM, SAAM-1, SAAM-2, and SAAM-3, and (3) depreciation expense for buildings and equipment. In Quarter 2 of 2019, cost of

buildings for use as warehouses and production lines. Cash flows used in financing activities for Q1’ 2018 are Baht 175 million. It results from repayment of long-term loans of Baht 125 million, drawdown of

. The other project was the property project for investment in the rental market i.e. Lumpini Township Rangsit-Khlong 1 Phase 3 (Building F). Around 80% of condominium units in three buildings was already

(3) depreciation expense for buildings and equipment. In Quarter 3 of 2019, cost of services and rental amounted to THB 9.61 million, a THB 0.23 million or 2.32% decrease from the same period of the