maintain risks within prudent limits. 8 2.3 Liquidity Risk Management Overall liquidity in the Thai banking system eased during the first quarter due to a decrease in loans amid brisk repayment of working

’ 2017. It results from the increase of working capital i.e. trade receivables, unbilled receivables, trade payables etc. Cash flows used in investing activities for Q1’ 2018 are Baht 122 million

investment in new projects and for working capital. Equity Total equity stands at THB 4,993.0mn,decreased THB 73.7mn, or 1.5%, from THB 5,066.7mn as of 31 December 2017,mainly from the reduction in retained

ridership per working days was at 348,960 trips/day representing an increase from the previous year by 5.8 percent. Cost of Rail business consisted of costs of farebox, O&M cost and amortization of intangible

on Assets * 13% 11% Return on Equity * 20% 13% Working Capital Management (Days) Trade Receivable Period 35 39 Inventory Period ** 20 18 Trade Payable Period 20 22 Leverage Ratios (x) Interest Coverage

liabilities increased by Bath 179.47 million due to; a. An increase in short - term loan from financial institutions (promissory note) at the amount of Baht 142 million for the Company’s working capital and

due to an increase in loans from financial institutions for the Company’s investments and working capital as well as LQSF’s liabilities recognition of Baht 163 million. Shareholders' Equity As at 30

to support its debt and interest repayment. • To support working capital of WCIH • Invest in beauty business as a whole business; hostpital, one stop shop and expand franchise model to make the best

Benefits Benefits to WCIH: • Lessen the burden of WCIH by using the proceeds to support its debt and interest repayment approximate Baht 229 million. • To support working capital of WCIH approximate Baht 52

give more support and necessary controls in the weak areas. The Company expects to use the credit facilities from banks, the corporate debentures, and working capital as the source of fund for the Loan