and cash equivalents was THB 1,240.09 million, increased by THB 503.83 million from 2017. Liquidity Ratio In 2018, the liquidity of the Company and its subsidiaries was considerably appropriate for its

. Liquidity Ratio In 2019, the liquidity of the Company and its subsidiaries was considerably appropriate for its operations and had strong financial position. As at December 31, 2019, the consolidated current

partly down to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate

: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to

its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. As of 31 Mar 2019 = 6,927.45 million Baht As of

million Baht. Note: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is

to maintain its D/E ratio of not higher than 2 .0 times. For the long-term loan agreements, there is additional condition to maintain DSCR of not less than 1.1 times. Interest Bearing Debt total

-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

total loans ratio for 1Q21 increased to 3.2%1 from 2.9% at the end of 2020 mainly from loans exiting from the relief program. The Bank current level of capital remains strong and is above the minimum

cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate. • Higher operating and depreciation costs of newly opened malls and