time and the Interest bearing debts to total equity ratio was of 0.65:1 time. The liabilities comprised of major items which are follows;- 2.2.1 Account payable and others account payable was of Bt484.8

the Interest bearing debts to total equity ratio was of 0.77:1 time. The liabilities comprised of major items which are follows;- 2.2.1 Account payable and others account payable was of Bt596.4 million

31.28 %. Increase was owing to an increase of interest payable of convertible debenture of Baht 4.74 million (Before the sale of investment in September 2019), while the interest payable due to the

liability in Q1/2018 as follows. 1. Trade accounts payable has increased by 900.5 million baht which was due to an increase of accounts payable of buying non-performing loans as well as in the sector of

19.5%. There was thus the significant change of the liability in Q1/2018 as follows. 1. Trade accounts payable has increased by 900.5 million baht which was due to an increase of accounts payable of

THB 460.9 MB respectively, equivalent to 95.3% and 92.2% respectively of the total Liabilities. Current Liabilities as of year 2018 decrease by decreasing in trade and other payable. ZIGA INNOVATION

Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

the total Liabilities. Current Liabilities as of year 2018, mainly due to a decrease in accounts payable and other payables. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD

development improvement and equipment, cash and equivalents. More total liabilities which increase at amount Baht 26.85 million or 3.74%, as defaulted liabilities, Trade and other current payable, finance lease

214.64 4 Million Baht (trade payable – third parties decreased of 199.31, other payables decreased by third parties of 14.52 Million Baht, other external parties decreased by 12.70 million baht, pay the