% Property, plant and equipment 823.82 52% 712.57 51% Biological assets – dairy cow 47.16 3% 46.27 3% Others 54.68 4% 55.53 4% Total assets 1,567.31 100% 1,385.63 100% Total assets were Baht 1,567.31 million

in associated company 280.49 14% 286.20 17% Property, plant and equipment 779.69 38% 871.72 52% Right-of-used 223.01 11% - - Biological assets – dairy cow 48.53 2% 45.97 2% Others 51.32 3% 48.46 3

assets – dairy cow 49.83 3% 46.27 3% Others 60.49 4% 55.54 3% Total assets 1,612.04 100% 1,407.27 100% Total assets were Baht 1,612.04 million, which increased by Baht 204.77 million from 2018. - Trade and

associated company 432.44 30% 483.96 36% Property, plant and equipment 645.19 45% 558.59 42% Biological assets – dairy cow 46.06 3% 44.28 3% Others 52.80 4% 61.09 4% Total assets 1,441.64 100% 1,345.45 100

124.55 9% 104.83 8% Investment in associated company 397.46 28% 483.96 36% Property, plant and equipment 644.04 46% 558.59 42% Biological assets – dairy cow 45.60 3% 44.28 3% Others 61.05 5% 61.09 4% Total

Public Company Limited Management Discussion and Analysis Year Ending 31 December 2019 G J Steel Public Company Limited Page 11/14 The main raw materials (Pig iron, shredded scrap) the price movement of

G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig

utilisation ratio. Information on capacity can be found on the OECD website. 6 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) The main raw materials (Pig iron

ratio. Information on capacity can be found on the OECD website. The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more

(Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first quarter to second