Company’s asset management subsidiary). Interest on margin loans The Company’s interest on margin loans in 2017 was Baht 137 million, an increase of 38% from the previous year due mainly to an increase in the

) million Cost of rubber plantation increase by Baht 2.41 million Intangible asset decrease by Baht (1.65) million Liabilities Bank overdrafts and short-term loans from financial institutions increase by Baht

by 4.0% due to interest expenses of short- term loans. Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Statements of Financial Position as at March 31, 2019 March 31

of Long-term loans from financial institutions - net of current portion amounted 3.8 million baht. (3) Shareholders’ Equity Total shareholders’ equity as of March 31, 2018 was 1,335.3 million baht

31 Dec 2017 Change MB. % MB. % MB. % Current portion of long-term loans 121.5 4.8% 115.3 4.6% 6.2 5.4% Short-term loans 79.5 3.1% 39.6 1.6% 39.9 100.8% Debentures – Current Portion 268 10.6% - - - Long

-current assets 188 160 +17% Total non-current assets 2,620 2,284 +15% Total Assets 4,567 4,390 +4% Bank overdrafts and short-term loans from financial institutions 1,560 1,328 +17% Trade payables 333 473

amount was an increase from lease liabilities due to the adoption of TFRS16 of Baht 97.09 million. For loans from financial institutions, the overall loans decreased from repayment during the period

0.88 million baht or 6.87% due to revenue recognition according to the stage of success. 1.7 Income from loans of 0.15 billion baht to 0.08 million baht, an increase of 131.25 percent in the quarter 2

impairment loss on loans, in line with our improved asset quality. Moreover, net interest income rose Baht 4,377 million or 4.65 percent, which was derived mainly from interest income from both loans and

from the consolidate financial statement of the Company and its subsidiaries as at March 31,2019 Borrow er Lender Approved Loan (MB) Interest Rate Period of time Value of Interest (MB) Release Date Due