1,038.6 1,093.4 (5.0) Non-Current Liabilities 294.0 299.4 (1.8) Total Liabilities 1,332.6 1,392.8 (4.3) Total Shareholders’ Equity 1,842.5 1,873.1 (1.6) Current Ratio (times) 1.20 1.22 Debt to Equity Ratio

market by issuing shares or debt securities that suit the business sector. SEC now allows fund mobilization through crowdfunding, which makes use of digital technology to make the fund mobilization

% Revenue from maintenance service to outside 47.8 - - - N.A.(

electricity to Industrial Users (IU) 6.9 6.0 6.2 5.6 (0.6) (9.7%) 20.6 24.7 4.1 19.9% Revenue from maintenance service to outside - - - - - - 47.8 - (47.8) N.A.(

)% 53,878 52,953 1.7% Non-interest income 12,295 13,534 11,321 (9.2)% 8.6% 36,145 39,385 (8.2)% Operating expenses 12,679 14,108 12,878 (10.1)% (1.5)% 38,975 38,832 0.4% Impairment loss of loans and debt

, steel and other lime dependent industries. Along with the supportive external factors our Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018

% from the previous year due to with repayment from projects with debt continuously as a result financial costs decreased. As of 31st December 2018, the Company had a Debt to Equity ratio of 1.21 times, an

which came from additional investments in investments in associated companies and fixed assets. Net cash from financing activities was Baht 1,496.09 million mainly from increased short-term debt. As a

Million Baht (losing per share 0.01 Baht) respectively due to the reason of: In the 2nd quarter of 2016 the company has recognized the doubtful debt expenses amount 159.95 Million Baht according to the

million which increase Baht 4.99 Million or 22.87% when compared to the same period of 2016. Mainly reason was the debt allowance of the quarter increased. Please be informed accordingly. Sincerely yours