September, 2017 Page 3 2.1 Share of profits of associated entities and joint ventures Share of profits in associate entities and joint ventures for the 3 rd quarter of 2017 was Baht 960.35 million, increasing

education business, including the share of profits from investment, totaled THB 122 million, a decrease of 9% yoy, mainly from the decrease in the academic service fee following the postponement of the

of 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of net asset value in AUD currency. 2.2 Share of profits of associated entities and joint ventures

2020. Transaction Size Criteria for Transaction Size 1) Calculation based on the value of net tangible assets No share acquisitions 2) Calculation based on net operating profits No share acquisitions 3

in the year 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset value in AUD currency. 2.2 Share of Profits of Associates and Joint Ventures

defined in the Code of Ethics for Professional Accountants which refers to businesses affiliated to Audit Firm that (a) have the intention to cooperate and (b) have a clear objective to share profits and

and (b) have a clear objective to share profits and costs and proportionate ownership, control or management power, have commons quality control system, business strategies, shared names or shared

issue in academic system. In addition, the decline was due to a decrease in share of profits from Le Cordon Bleu Dusit, netted off a decrease in share of loss from investment in Dusit Hospitality

, compared to the profit of Baht 6,165.72 million or Baht 4.25 per share of the year 2016. The significant transactions were as follows:- 2.1 Share of profits of associated entities and joint ventures Share of

unrealized foreign exchange gain amounting of THB 239.5 mm. However, considering only the share of profits from investment in associated companies from power business, excluding such unrealized gain on foreign