reason for the increase is due from right to use assets according to TFRS16 from office lease agreement. Cash surplus increased by 55.47mb or 34.8% due to cash flow generated from operations and good

recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement

from “Maintenance Reserve Fund” which is attached to the aircraft lease agreement. Aircraft Rental Costs: the aircraft rental costs increased from 1,772.4 million baht to 2,152.5 million baht for year

. The interest paid to financial institutions and lessors under finance lease agreement increased from 221.9 million baht to 243.7 million baht mainly due to additional leasing agreement for ATR72-600s

liabilities under the lease agreement of the Group significantly increased. Page 5 of 7 2.1 Assets As of March 31, 2020, the Group had total assets at the amount of Bt20,558. 5 million, increasing by Bt3,212.6

finance lease agreement also increased as a result of financial lease accounting (TFRIC 4) adjustment. • Gross profit of Small Power Producer (SPP) increased by THB 278 million corresponding to lower

increased by THB 289 million mainly due to the THB 237 million increase in dividend payable and the THB 78 million recognition of the Current Portion of Liabilities under lease agreement. • Non-Current

relocation of the sales and marketing team to PlanB under Advertising Media Management and Service Agreement. SG&A to revenue ratio increased from 32.4% to 41.6%. In this quarter, the Company recorded a share

% from 31 December 2019. • Current liabilities increased by THB 43 million mainly due to the THB 81 million recognition of the Current Portion of Liabilities under lease agreement. • Non-Current

. Non-current liabilities increased Baht 1,153 million derived from: • Long-term loan from related party increased by Baht 838 million due to receipt from Long Term Loan Agreement with Link Capital I