shall be paid monthly throughout 48 years contract period. 5.1 The up-front fee of 300,000,000 Baht payable in five installments. 5.2 The rent of 1.25 million baht per month, payable monthly with increase

2,129.23 100.00% 2,345.53 100.00% LIABILITIES Current liabilities Short term loans from banks 65.32 3.07% 92.25 3.93% Account payables, trade and others 401.25 18.85% 516.82 22.03% Income tax payable 9.20

asset under TFRS 16. 2. Accrued dividend increased by THB 205 million due to the approval the Company’ s Board of Directors on March 27, 2020. 3. Accounts payable and other accounts payables decreased by

of days of inventory 36 32 Collection period (days) 49 43 Accounts payable (days) 50 43 Profitability Ratios Gross profit margin (%) 35.4 34.8 EBITDA margin (%) 20.8 21.0 Net profit margin for the

payables, trade and others 368.07 17.38% 516.82 22.03% Income tax payable 6.64 0.31% 20.12 0.86% Other current liabilities 9.76 0.46% 8.56 0.37% Total current liabilities 440.19 20.78% 637.75 27.19% Non

22.2%. The decrease was due to income tax paid of 18.5 million Baht and repayment some trade accounts payable. (2.2) Non-current liabilities as of December 31, 2019 amounted 105.7 million Baht compared

others 495.36 21.88% 516.82 22.03% Income tax payable 17.48 0.77% 20.12 0.86% Other current liabilities 5.59 0.25% 8.56 0.37% Total current liabilities 578.92 25.57% 637.75 27.19% Non-current liabilities

837.3 (123.8) (14.8) Current portion of liabilities under financial arrangement agreements 54.4 93.8 (39.4) (42.0) Income tax payable 27.0 53.3 (26.3) (49.3) Contract liabilities 325.5 272.9 52.6 19.3

borrowing Baht 89.42 million in order to settle loans form its former director. The Company assessed the fair values of identifiable assets acquired and liabilities assume at the acquisition date in the

, Belgian company, who is an subsidiary of Vinythai, due to practical difficulties to maintain company operation after the expiration of service agreement provided to it by Solvay SA (the former major