million. Moreover, there was increase in other assets of Baht 12.92 million from the increase in accounts receivable – credit card and deposit for goods. However, inventories decreased by Baht 8.41 million

Discussion and Analysis for the Year 2018 Page 9 of 14 The Company and its subsidiaries still had available credit line of the revolving short- term borrowings with financial institutions including bank

equivalent to 9.03% mainly due to increasing of advertising and promotion expenses – CLMV by Baht 1.11 million and the credit card fee by Baht 1.14 million. Administrative expenses For the year 2018, the

liabilities were Baht 875.97 million, decreased from 31 December 2017 of Baht 592.01 million. The reason was mainly because of the repayment of short- term loans from banks, especially in Packing Credit and

institutions to use as revolving credit for the group and paying to trade payables. • Other current liabilities increased by Baht 32.48 million due to VAT submission. The group’s equity decreased by Baht (82.87

subsidiaries still had available credit line of the revolving short- term borrowings with financial institutions including bank overdraft in amount of THB 242. 00 million, short- term loans, letters of credit

million from the ended 31 December 2016, mainly from increased of short term loan from Packing Credit and Trade on Demand, Trade payable increased from purchase inventory to support OEM project and Trading

recognized allowance for bad debt and doubtful account of credit balance receivables and derivatives business receivables increased of Baht 100.84 million in large clients with EARTH shares that was a

Liabilities 4) Account Receivable Turnover = Net Credit Sales / Average Accounts Receivable 5) Average Collection Period = 360 / Account Receivable Turnover 6) Inventory Turnover = Cost of Goods Sold / Average

-473-8398 Credit facility : Long-term loan in amount of not more than THB 400 million (no collateral) Interest Rate : 3.25% per annum Maturity : Not more than 3 years starting from March 2nd, 2018 until