Common use of DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES Clause in Contracts

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht Consolidated financial statements Separate financial statements 2017 2016 2017 2016 Deferred tax assets 5,869,506 6,963,205 16,718,600 14,620,807 Deferred tax liabilities (83,343,534) (84,213,267) (100,062,134) (98,834,074) (77,474,028) (77,250,062) (83,343,534) (84,213,267) Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2017 and 2016, are summarized as follows: Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other as at Dec. 31, 17 comprehensive income Deferred tax assets: Trade account and other receivables 3,543,619 (801,787) - 2,741,832 Difference of rental between straight line method - and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 16,254,863 1,565,911 - 17,820,774 Total 21,584,012 1,004,094 - 22,588,106 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealized gain on measurement of investment 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Consolidated financial statements Balance per Transfer in Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income book as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,691,944 1,232,505 - 3,543,619 Investments in associated companies 574,080 - (574,080) - - Difference of rental between straight line method and agreement 1,545,559 - 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 5,131,891 1,000,857 (879,636) 16,254,863 Loss carry forward not more than 5 fiscal year 451,374 - (451,374) - - Total 14,191,934 6,823,835 1,447,879 (879,636) 21,584,012 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 - 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 - (2,515,949) - 12,159,918 Unrealized gain on measurement of investment - - (14,122,531) - 14,122,531 Total 83,635,256 - (15,198,818) - 98,834,074 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other comprehensive income as at Dec. 31, 17 Deferred tax assets: Trade account and other receivables 1,851,675 706,201 - 2,557,876 and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 10,983,602 1,151,622 - 12,135,224 Total 14,620,807 2,097,793 - 16,718,600 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealize gain on measurement of investment of 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,232,505 - 1,851,675 Investments in associated companies 574,080 (574,080) - - Difference of rental between straight line method and agreement 1,545,559 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 861,487 (879,636) 10,983,602 Total 13,740,560 1,759,883 (879,636) 14,620,807 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 (2,515,949) - 12,159,918 Unrealize gain on measurement of investment of - (14,122,531) - 14,122,531 Total 83,635,256 (15,198,818) - 98,834,074

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht Consolidated financial statements Separate financial statements 2017 2016 2017 2016 Deferred tax assets 5,869,506 6,963,205 16,718,600 14,620,807 Deferred tax liabilities (83,343,534) (84,213,267) (100,062,134) (98,834,074) (77,474,028) (77,250,062) (83,343,534) (84,213,267) Changes in deferred tax assets and deferred tax liabilities for the year years ended December 31, 2017 2020 and 2016, are 2019 were summarized as follows: Balance per book Revenue as at Income (expenses) during the year Balance per book as at Dec. 31, 16 2019 In profit or loss In other as at comprehensive Dec. 31, 17 comprehensive income 2020 Deferred tax assets: Trade account and other receivables 3,543,619 (801,787) - 2,741,832 Difference Allowance for doubtful accounts 1,465,236 850,623 – 2,315,859 Allowance for devaluation of rental between straight line method - and agreement 1,785,530 239,970 - 2,025,500 Provisions inventories 4,878,788 1,134,620 – 6,013,408 Allowance for impairment of investment 1,195 48,369 – 49,564 Allowance for impairment of equipment – 10,131 – 10,131 Lease agreements – 486 – 486 Non–current provisions for employee benefits 16,254,863 1,565,911 - 17,820,774 benefit 4,732,365 451,546 – 5,183,911 Derivatives liabilities 129,613 (46,236) – 83,377 Total 21,584,012 1,004,094 - 22,588,106 11,207,197 2,449,539 – 13,656,736 Deferred tax liabilities: Additional portion Inventories (from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 fair value adjustment of business combination) 110,138 16,780 – 93,358 Equipment (2,593,862from fair value adjustment of business combination) - 14,753,780 204,113 149,952 – 54,161 Unrealized gain (loss) on measurement temporary investments 650,411 650,411 – – Customer relationship (from fair value adjustment of investment 14,122,531 - - 14,122,531 business combination) 11,655,963 3,589,432 – 8,066,531 Depreciation of equipment 188,805 (42,546) – 231,351 Finance lease assets 564,065 (804,228) – 1,368,293 Total 98,834,074 13,373,495 3,559,801 – 9,813,694 Deferred tax assets (1,228,060liabilities) - 100,062,134 Baht Consolidated financial statements – net (2,166,298) 3,843,042 Deferred tax income (expenses) – net 6,009,340 – Balance per Transfer in Revenue as at Income (expenses) during the year Balance per book as at Dec. 31, 15 2019 In profit or loss In other comprehensive Dec. 31, 2020 Deferred tax assets: Allowance for doubtful accounts 1,465,236 850,026 – 2,315,262 Allowance for devaluation of inventories 4,878,788 1,134,620 – 6,013,408 Allowance for impairment of investment 1,195 48,369 – 49,564 Allowance for impairment of equipment – 10,131 – 10,131 Lease agreements – 486 – 486 Non–current provisions for employee benefit 4,732,365 435,509 – 5,167,874 Derivatives liabilities 129,613 (46,236) – 83,377 Total 11,207,197 2,432,905 – 13,640,102 Deferred tax liabilities: Inventories (from fair value adjustment of business combination) 110,138 16,780 – 93,358 Equipment (from fair value adjustment of business combination) 204,113 149,952 – 54,161 Unrealized gain (loss) on temporary investments 650,411 650,411 – – Customer relationship (from fair value adjustment of business combination) 11,655,963 3,589,432 – 8,066,531 Depreciation of equipment 188,805 (42,546) – 231,351 Finance lease assets 564,065 (804,228) – 1,368,293 Total 13,373,495 s,ssa,8oı – a,8ıs,aa4 Deferred tax assets (liabilities) – net (2,166,298) s,82a,4o8 Deferred tax income (expenses) – net s,aa2,1oa – Baht Consolidated financial statements/Separate financial statements Balance as at Income (expenses) during the year Balance as at Deferred tax assets: Dec. 31, 2018 In profit or loss In other comprehensive income book as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,691,944 1,232,505 - 3,543,619 Investments in associated companies 574,080 - (574,080) - - Difference 2019 Allowance for doubtful accounts 1,115,423 349,813 – 1,465,236 Allowance for devaluation of rental between straight line method and agreement 1,545,559 - 239,971 - 1,785,530 Provisions inventories 3,227,460 1,651,328 – 4,878,788 Allowance for impairment of investment 1,195 – – 1,195 Non–current provisions for employee benefits 11,001,751 5,131,891 1,000,857 (879,636) 16,254,863 Loss carry forward not more than 5 fiscal year 451,374 - (451,374) - - benefit 2,866,936 1,468,209 397,220 4,732,365 Derivatives liabilities 95,029 34,584 – 129,613 Total 14,191,934 6,823,835 1,447,879 (879,636) 21,584,012 7,306,043 3,503,934 397,220 11,207,197 Deferred tax liabilities: Additional portion Inventories (from fixed assets revaluation 73,991,287 - 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 - fair value adjustment of business combination) 160,355 50,217 – 110,138 Equipment (2,515,949from fair value adjustment of business combination) - 12,159,918 466,447 262,334 – 204,113 Unrealized gain (loss) on measurement temporary investments Customer relationship (from fair value adjustment of investment - - business combination) 257,061 14,636,181 (14,122,531393,350) - 14,122,531 2,980,218 – – 650,411 11,655,963 Depreciation of equipment 206,135 17,330 – 188,805 Finance lease assets 1,324,826 760,761 – 564,065 Total 83,635,256 - 17,051,005 3,677,510 – 13,373,495 Deferred tax assets (15,198,818liabilities) - 98,834,074 Baht Separate financial statements Balance per book Revenue – net (9,744,962) (2,166,298) Deferred tax income (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other comprehensive income as at Dec. 31, 17 Deferred tax assets: – net 7,181,444 397,220 20. TRADE AND OTHER CURRENT PAYABLES Trade account and other receivables 1,851,675 706,201 - 2,557,876 current payables were consisted of: 2020 2019 (Reclassified 2020 2019 (Reclassified Trade payables – other companies 93,625,735 104,648,825 90,604,594 104,648,825 Other current payables Accrued commission expenses 13,891,115 16,746,476 13,891,115 16,746,476 Accrued bonus 13,957,340 18,568,265 13,849,556 18,568,265 Advance from customers for goods and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 10,983,602 1,151,622 - 12,135,224 services 20,832,788 34,517,307 20,533,687 28,141,860 Other accrued expenses 14,228,808 16,005,979 14,105,711 15,848,452 Account payable – Revenue department 4,330,726 3,942,216 4,266,891 3,940,444 Other deposit 1,094,940 1,491,920 1,094,940 1,491,920 Other 5,698,544 3,917,332 5,698,544 3,917,332 Total 14,620,807 2,097,793 - 16,718,600 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealize gain on measurement of investment of 14,122,531 - - 14,122,531 74,034,261 95,189,495 73,440,444 88,654,749 Total 98,834,074 (1,228,060) - 100,062,134 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income as at Dec. 31, 16 Deferred tax assets: Trade account trade and other receivables 619,170 1,232,505 - 1,851,675 Investments in associated companies 574,080 (574,080) - - Difference of rental between straight line method and agreement 1,545,559 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 861,487 (879,636) 10,983,602 Total 13,740,560 1,759,883 (879,636) 14,620,807 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 (2,515,949) - 12,159,918 Unrealize gain on measurement of investment of - (14,122,531) - 14,122,531 Total 83,635,256 (15,198,818) - 98,834,074current payables 167,659,996 199,838,320 164,045,038 193,303,574

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht Consolidated financial statements Separate financial statements 2018 2017 2016 2018 2017 2016 Deferred tax assets 4,086,896 5,869,506 6,963,205 13,480,219 16,718,600 14,620,807 Deferred tax liabilities (83,343,534) (84,213,267) (100,062,134) (98,834,074) (77,474,028) (77,250,06286,627,919) (83,343,534) (84,213,267100,108,138) (100,062,134) Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2017 2018 and 20162017, are summarized as follows: Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 17 In profit or loss In other comprehensive income as at Dec. 31, 18 Deferred tax assets: Trade account and other receivables 2,741,832 467,236 - 3,209,068 Difference of rental between straight line method and agreement 2,025,500 118,691 - 2,144,191 Provisions for employee benefits 17,820,774 599,544 (6,206,462) 12,213,856 Total 22,588,106 1,185,471 (6,206,462) 17,567,115 Deferred tax liabilities: Additional portion from fixed assets revaluation 71,185,823 1,324,420 - 69,861,403 Liabilities under financial lease agreements 14,753,780 (1,370,424) - 16,124,204 Unrealized gain on measurement of investment 14,122,531 - - 14,122,531 Total 100,062,134 (46,004) - 100,108,138 Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other comprehensive income as at Dec. 31, 17 comprehensive income Deferred tax assets: Trade account and other receivables 3,543,619 (801,787) - 2,741,832 Difference of rental between straight line method - and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 16,254,863 1,565,911 - 17,820,774 Total 21,584,012 1,004,094 - 22,588,106 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealized gain on measurement of investment 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Consolidated financial statements Balance per Transfer in book Revenue (expenses) during the year Balance per book as at Dec. 31, 15 17 In profit or loss In other comprehensive income book as at Dec. 31, 16 18 Deferred tax assets: Trade account and other receivables 619,170 1,691,944 1,232,505 2,557,876 457,156 - 3,543,619 Investments in associated companies 574,080 - (574,080) - - 3,015,032 Difference of rental between straight line method and agreement 1,545,559 2,025,500 118,691 - 239,971 - 1,785,530 2,144,191 Provisions for employee benefits 11,001,751 5,131,891 1,000,857 12,135,224 2,072 (879,6363,816,300) 16,254,863 Loss carry forward not more than 5 fiscal year 451,374 - 8,320,996 Total 16,718,600 577,919 (451,3743,816,300) - - Total 14,191,934 6,823,835 1,447,879 (879,636) 21,584,012 13,480,219 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 71,185,823 1,324,420 - 1,439,662 - 72,551,625 69,861,403 Liabilities under financial lease agreements 9,643,969 - 14,753,780 (2,515,9491,370,424) - 12,159,918 Unrealized 16,124,204 Unrealize gain on measurement of investment of 14,122,531 - - (14,122,531) - 14,122,531 Total 83,635,256 - 100,062,134 (15,198,81846,004) - 98,834,074 100,108,138 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 16 In profit or loss In other comprehensive income as at Dec. 31, 17 Deferred tax assets: Trade account and other receivables 1,851,675 706,201 - 2,557,876 and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 10,983,602 1,151,622 - 12,135,224 Total 14,620,807 2,097,793 - 16,718,600 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealize gain on measurement of investment of 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,232,505 - 1,851,675 Investments in associated companies 574,080 (574,080) - - Difference of rental between straight line method and agreement 1,545,559 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 861,487 (879,636) 10,983,602 Total 13,740,560 1,759,883 (879,636) 14,620,807 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 (2,515,949) - 12,159,918 Unrealize gain on measurement of investment of - (14,122,531) - 14,122,531 Total 83,635,256 (15,198,818) - 98,834,074100,062,134

DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES. Deferred tax assets and deferred tax liabilities as follows:- Baht follow : Consolidated financial statements Separate financial statements 2017 2016 2017 2016 Deferred tax assets 5,869,506 6,963,205 16,718,600 14,620,807 As at June As at December As at June As at December 30, 2019 31, 2018 30, 2019 31, 2018 Deferred tax liabilities (83,343,534784,992,399) (84,213,267566,610,070) (100,062,134142,565,061) (98,834,07445,806,502) Deferred tax assets (liabilities) - net (757,339,426) (77,474,028541,387,110) (77,250,062129,761,966) (83,343,53434,857,813) (84,213,267) Changes in deferred tax assets and deferred tax liabilities for the year ended December 31, 2017 and 2016, are summarized Consolidated financial statements Balance as follows: Balance per book at Revenue (expenses) during the year period Balance per book as at Dec. December 31, 16 In profit or loss In other as at Dec. 31, 17 comprehensive income Deferred tax assets: Trade account and other receivables 3,543,619 (801,787) - 2,741,832 Difference of rental between straight line method - and agreement 1,785,530 239,970 - 2,025,500 Provisions for employee benefits 16,254,863 1,565,911 - 17,820,774 Total 21,584,012 1,004,094 - 22,588,106 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial lease agreements 12,159,918 (2,593,862) - 14,753,780 Unrealized gain on measurement of investment 14,122,531 - - 14,122,531 Total 98,834,074 (1,228,060) - 100,062,134 Baht Consolidated financial statements Balance per Transfer in Revenue (expenses) during the year Balance per book as at Dec. 31, 15 2018 In profit or loss In other comprehensive income book as at Dec. 31June 30, 16 2019 Deferred tax assets: Trade account and other receivables 619,170 1,691,944 1,232,505 receivable 13,865,194 (7,298,253) - 3,543,619 Investments in associated companies 574,080 6,566,941 Employee benefits obligations 29,827,360 9,481,340 - 39,308,700 Straight line method of rental 14,604,569 187,375 - 14,791,944 Unrealized loss on remeasuring available-for-sale investments 1,329,071 - (574,08042,400) 1,286,671 Other 385,230 - - Difference of rental between straight line method and agreement 1,545,559 - 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 5,131,891 1,000,857 385,230 Total 60,011,424 2,370,462 (879,63642,400) 16,254,863 Loss carry forward not more than 5 fiscal year 451,374 - (451,374) - - Total 14,191,934 6,823,835 1,447,879 (879,636) 21,584,012 62,339,486 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 - 1,439,662 - 72,551,625 Liabilities under financial Financial lease agreements 9,643,969 (236,436) 86,636 - (2,515,949149,800) - 12,159,918 Unrealized gain on measurement remeasuring available-for-sale investments Fair value adjustment of investment - assets regarding business combinations 477,592,211 124,042,759 - (14,122,5311,872,783) 220,066,525 - 697,658,736 122,169,976 Total 601,398,534 (1,786,147) 220,066,525 819,678,912 Deferred tax assets (liabilities) - 14,122,531 Total 83,635,256 - net (15,198,818541,387,110) - 98,834,074 Baht (757,339,426) Separate financial statements Balance per book as at Revenue (expenses) during the year period Balance per book as at Dec. December 31, 16 2018 In profit or loss In other comprehensive income as at Dec. 31June 30, 17 2019 Deferred tax assets: Trade account and other receivables 1,851,675 706,201 receivable 239,163 31,321 - 2,557,876 and agreement 1,785,530 239,970 270,484 Employee benefit obligations 10,693,526 1,835,085 - 2,025,500 Provisions for employee benefits 10,983,602 1,151,622 12,528,611 Straight line method of rental 16,000 (12,000) - 12,135,224 4,000 Total 14,620,807 2,097,793 10,948,689 1,854,406 - 16,718,600 12,803,095 Deferred tax liabilities: Additional portion from fixed assets revaluation 72,551,625 1,365,802 - 71,185,823 Liabilities under financial Financial lease agreements 12,159,918 (2,593,862236,436) 86,636 - (149,800) Unrealized gain on remeasuring available-for-sale investments 46,042,938 - 96,671,923 142,714,861 Total 45,806,502 86,636 96,671,923 142,565,061 Deferred tax assets (liabilities) - 14,753,780 Unrealize gain on measurement of investment of 14,122,531 - - 14,122,531 Total 98,834,074 net (1,228,06034,857,813) - 100,062,134 Baht Separate financial statements Balance per book Revenue (expenses) during the year Balance per book as at Dec. 31, 15 In profit or loss In other comprehensive income as at Dec. 31, 16 Deferred tax assets: Trade account and other receivables 619,170 1,232,505 - 1,851,675 Investments in associated companies 574,080 (574,080) - - Difference of rental between straight line method and agreement 1,545,559 239,971 - 1,785,530 Provisions for employee benefits 11,001,751 861,487 (879,636) 10,983,602 Total 13,740,560 1,759,883 (879,636) 14,620,807 Deferred tax liabilities: Additional portion from fixed assets revaluation 73,991,287 1,439,662 - 72,551,625 Liabilities under financial lease agreements 9,643,969 (2,515,949) - 12,159,918 Unrealize gain on measurement of investment of - (14,122,531) - 14,122,531 Total 83,635,256 (15,198,818) - 98,834,074129,761,966)