payables. Trade payable increased in line with the higher inventory levels. Accrued expenses also increased due to the estimation of accrued bonuses, withholding tax ( PND. 2) from dividend payments during

and increased by Baht 2,888 million or 117% from Q1/2019. This was mainly due to the following reasons: Executive Summary Comparing Q1/2020 vs Q4/2019 Comparing Q1/2020 vs Q1/2019 YoYQoQ The Proportion

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring

received the invoice of outstanding costs carried forward from the previous period. As a result, the unbilled payables have decreased. Income tax payable decreased by 13.6 MB representing decrease of 42.1

for long-time outstanding receivables in accordance with IFRS 9 (Financial -2- Instruments), which was partly due to the effect of COVID-19 causing the receivables to postpone payment; but when compare

IPD which posted 28% growth yoy due to epidemics, weather change as well as increasing number of beds in service. Cost of Hospital Operations Cost of hospital operations in 2Q’18 and 1H18 increased by

Average Collection Period (Day) 49 49 56 Inventory Turnover Ratio (Times) 17.83 15.89 13.21 Average Days Sales of Inventory (Day) 20 23 28 Account Payable Turnover (Times) 6.09 6.25 5.54 Average Payment

decreased from Baht 55 million to Baht 53 million, decreased by Baht 2 million or 4%, due to allowance for doubtful accounts (reversal) decrease. Meanwhile, selling and administrative expenses was increased

long term loan due within 1 year decreased by Baht 257.98 million. The Company’s account payable decreased by Baht 6.01 million and advance received decreased by Baht 9.59 million. Non-current

11.21% comparing with 31 December 2019 due to Page 3 of 3 1. Short - term loan from financial institutions was Baht 614.17 million increased by Baht 20.64 million. 2. Trade and other payable was Baht