increased. 3. Analysis of financial status As of 30 September 2019, the Company had current ratio 16.69:1 times and Debt to Equity ratio equal to 0.10:1 times, compared to those of the same period of the

Increased / (Decreased) Million Baht % Million Baht % Million Baht % Current Assets 1,927.20 53.72% 1,872.72 55.15% 54.48 2.91% Non-Current Assets 1,660.29 46.28% 1,522.81 44.85% 137.48 9.03% Total Assets

decrease from December 31, 2018 by 49.02 million baht or 5.53% decreased, the details of the change are as follows: 1.1 Current asset as of September 30, 2019 with amount of 170.96 million bath decreased by

1.27% due to 1. Current assets increased amount of 455.90 million Baht or 309.71% consisting of Cash and cash equivalents decreased amount of 6.15 million Baht or 32.52%. Trade and other receivables

statement of comprehensive income for year Baht 36.05 million. However, during the current year, the Company reviewed the revaluation of lands and recognised the increase of the difference directly to the

5,729.27 Million Baht as results of  Current Assets as amount of 2,639.01 Million Baht as 37.80 Million Baht decreased when compared to December 31, 2019 as amount of 2,676.81 Million Baht thus increased in

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

quarter ended March 31, 2019 decreased from THB 77.50 million to THB 35.03 million or decreased THB 42.47 million or 54.80% because of the current pandemic of COVID-19 virus and the announcement on

year was from 6.27 times to 5.52 times because the Company has current liability increasing from the same period of last year. Receivable Turnover changed little from the last year, from 1.10 times to

Hua-Hin during this current quarter Gross profit margin at 38.1% which increased by 3.8% compared with the same quarter of the previous year due to • The average selling price per square meter of unit