Common use of LAND HELD FOR DEVELOPMENT Clause in Contracts

LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 As at December 31, 2017 As at June 30, 2018 As at December 31, 2017 Beginning balance 1,793,635 1,464,839 1,720,227 1,391,431 Add during the period 95,873 - 95,873 - - Transfer from property development costs 38,177 328,796 38,177 328,796 Total 1,927,685 1,793,635 1,854,277 1,720,227 Less during the period (17,100) - (17,100) - Land held for development 1,910,585 1,793,635 1,837,177 1,720,227 As at June 30, 2018 and December 31, 2017, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15.

LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September 30, 2018 2017 As at December 31, 2017 2016 As at June September 30, 2018 2017 As at December 31, 2017 2016 Beginning balance 1,464,839 1,595,394 1,391,431 1,521,987 Add during the period 385,182 9,864 385,182 9,864 Total 1,850,021 1,605,258 1,776,613 1,531,851 Less - Transfer to property development costs (56,386) (140,419) (56,386) (140,420) Land held for development 1,793,635 1,464,839 1,720,227 1,391,431 Add during the period 95,873 - 95,873 - - Transfer from property development costs 38,177 328,796 38,177 328,796 Total 1,927,685 1,793,635 1,854,277 1,720,227 Less during the period (17,100) - (17,100) - Land held for development 1,910,585 1,793,635 1,837,177 1,720,227 As at June September 30, 2018 2017 and December 31, 20172016, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15.

LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 2017 As at December 31, 2017 2016 As at June 30, 2018 2017 As at December 31, 2017 2016 Beginning balance 1,793,635 1,464,839 1,720,227 1,595,394 1,391,431 1,521,987 Add during the period 95,873 - 95,873 - 87,438 9,864 87,438 9,864 Total 1,552,277 1,605,258 1,478,869 1,531,851 Less - Transfer from to property development costs 38,177 328,796 38,177 328,796 Total 1,927,685 1,793,635 1,854,277 1,720,227 Less during the period (17,10052,780) - (17,100140,419) - (52,780) (140,420) Land held for development 1,910,585 1,793,635 1,837,177 1,720,227 1,499,497 1,464,839 1,426,089 1,391,431 As at June 30, 2018 2017 and December 31, 20172016, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15.

LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 As atDecember As at June As at December 30, 2016 31, 2017 2015 30, 2016 31, 2015 Beginning balance 1,595,394 1,722,045 1,521,987 1,653,189 Add during the period 628 32,247 628 27,696 Total 1,596,022 1,754,292 1,522,615 1,680,885 Less - Transfer to property development costs (397,002) (158,898) (397,002) (158,898) Land held for development 1,199,020 1,595,394 1,125,613 1,521,987 As at June 30, 2018 As at December 31, 2017 Beginning balance 1,793,635 1,464,839 1,720,227 1,391,431 Add during the period 95,873 - 95,873 - - Transfer from property development costs 38,177 328,796 38,177 328,796 Total 1,927,685 1,793,635 1,854,277 1,720,227 Less during the period (17,100) - (17,100) - Land held for development 1,910,585 1,793,635 1,837,177 1,720,227 As at June 30, 2018 2016 and December 31, 20172015, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 1516.