payable 17,737 6.4% 15,973 5.7% ST loan & CP of LT loans 11,685 4.2% 4,613 1.7% Accrued R/S expense 5,361 1.9% 5,361 1.9% Others 34,546 13% 47,753 17% Current Liabilities 69,328 25% 73,700 26% Debenture

- 2,799 10,247 4,020 ST loan & CP of LT loans 11,685 4.2% 17,373 6.2% 2019 7,789 3,364 - 4,020 Accrued R/S expense 5,361 1.9% 5,362 1.9% 2020 - 24,829 - 59,574 Others 34,546 13% 38,298 14% 2021 1,776 12,079

18,422 6.3% 22,037 7.6% 2021 1,776 12,079 3,128 7,565 ST loan & CP of LT loans 17,104 5.9% 24,872 8.6% 2022 - 13,440 - 7,565 Accrued R/S expense 5,362 1.8% 5,248 1.8% 2023 7,820 6,883 - 7,565 Others 31,877

59,574 ST loan & CP of LT loans 17,104 5.9% 11,206 3.8% 2021 1,776 12,079 3,128 - Accrued R/S expense 5,362 1.8% 5,362 1.8% 2022 - 13,440 - - Others 31,877 11% 44,093 15% 2023 7,820 6,550 - - Current

Loan 1800MHz 900MHz 700MHz Total Assets 290,505 100% 287,607 100% 2H19 - 3,364 - 4,020 - Trade payable 18,422 6.3% 21,336 7.4% 2020 - 14,829 3,128 21,747 1,758 ST loan & CP of LT loans 17,104 5.9% 11,529

- 4,020 ST loan & CP of LT loans 9,575 3.4% 10,423 3.7% 2020 - 24,829 - 59,574 Accrued R/S expense 5,362 1.9% 5,362 1.9% 2021 1,776 12,079 - - Others 39,977 14% 39,394 14% 2022 - 13,290 - - Current

7,789 3,364 - 4,020 ST loan & CP of LT loans 9,575 3.4% 19,319 6.6% 2020 - 24,829 3,128 59,574 Accrued R/S expense 5,362 1.9% 5,362 1.8% 2021 1,776 12,079 3,128 - Others 39,977 14% 39,017 13.4% 2022

175 million due to decreased electricity sales volume to EGAT and steam by 10.5% and 6.6%, respectively. Nonetheless, electricity sale volume to industrial customers increased by 2%. Revenue of IRPC-CP

, the g ross profit from IRPC Clean Power Plant (IRPC-CP) has decreased by Baht 59 million due to the increase in natural gas cost in accordance with the usage volume and the increase in the price of

E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017 maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the...