for funding activities amounted to 34.99 million baht. Therefore, the Company’s cash and cash equivalent as of the end of 2018 amounted to 21.20 million baht. Financial Ratios Ratio unit December 31

12.11 million baht. Financial Ratios Ratio unit 31 Dec 16 31 Dec 17 Liquidly ratio Time 2.91 2.36 Net profit ratio % (14.34) (16.89) Return on equity ratio % (5.07) (5.19) Return on asset ratio % (4.08

commercial bank amount of THB THB 550 million, currently undrawn. (SAFARI Group must maintain certain financial ratios, However, SAFARI Group is seeking additional credit facilities from other financial

financial ratios. In the case of the Company in an industry with specific ratios such as an average occupancy ratio (in case of hotel business), such ratios must be presented additionally. Information Quarter

Baht for working capital management. 9. KEY FINANCIAL RATIOS Key Financial Ratios As of 31 Mar 2017 As of 31 Mar 2018 Liquidity Ratio Current ratio (time) 0.38 0.56 Profitability Ratio(1) Gross profit

Baht. 9. Key Financial Ratios Key Financial Ratios As of 30 Jun 2016 As of 30 Jun 2017 Liquidity Ratio Current ratio (time) 0.35 0.30 Quick ratio (time) 0.34 0.29 Cash flow ratio (time) 0.82 0.65

the Company (37,417) (46,242) -19% (137,387) (127,982) 7% Non-controlling interests (72,727) (76,122) -4% (219,389) (180,907) 21% Key Financial Ratios Gross profit margin 20.7% 15.3% 5.5% 18.1% 17.5

repayment of long- term loan of 460.00 million Baht, net off with the additional short-term loan drawdown of 183.00 million Baht for working capital management. 9. KEY FINANCIAL RATIOS Key Financial Ratios As

1st Quarter Ended 31 March, 2019 Page 9 5. Significant financial ratios (excluded the effect of foreign exchange rate) 2019 2018 1) Current Ratio (Times) 2.36 3.02 2) Profit to Total Revenue (excluded

Company paid for interest expenses in the amount of Baht 408.87 million. Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 9 5. Significant Financial Ratios (Excluded the