profit from related technology business, the higher administrative expenses i.e. doubtful accounts - trade and other receivables, impairment loss on assets and the higher finance cost. As a result, overall

rationale 31 Dec 2016 31 Dec 2017 Bo Phut Property and Resort Co., Ltd. Trade receivables 50,524 37,120 Revenues from rooms and services from Santiburi Beach Resort and Spa. Rates and terms are based on

Current Assets 590,018 679,005 -13.10 -5- Trade and other receivables for the year 2017 amounted 73.27 million Baht compared with year 2016 was amounted 80.82 million Baht, decreased the amount of 7.5

equivalents and current investments 740 15.2% 1,216 13.2% Trade & other receivables 847 17.4% 641 7.0% Investment in joint venture and associates 181 3.7% 2,130 23.2% Property, plant and equipment 931 19.1% 877

million. It results from the increase in inventories, unbilled receivables and trade account payables. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30

6,869 million. It resulted from the increase in cash and deposits and banks, inventories, unbilled receivables and trade account payables. The quality of assets Trade account receivables Unit: Million

ventures. 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 September 2018 31 December 2017 % Change Cash and cash equivalents 108 100 +7% Trade receivables 647 781 -17

1,210 15.2% 1,905 19.8% Trade & other receivables 763 9.6% 1,143 11.9% Equipment – net 1,503 18.8% 1,615 16.8% Investment in JVs, associates and other long-term investments 1,373 17.2% 1,421 14.8

of loss on exchange rate of THB 26.27 million due to the fact that the Thai Baht value appreciated against US Dollar and the Company had the foreign trade receivables about USD 21.31 million. Financial

COVERAGE 6 ASSETS ASSETS BREAKDOWN 31 DECEMBER 2018 30 JUNE 2019 (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and Current investments 653 15.7% 822 17.3% Trade & other receivables