of TFRS 16 since 1 January 2020, which resulted in increased liabilities by Baht 2,436.4 million, comprising of higher lease liabilities by Baht 2,738.3 million but lower other payables by Baht 301.9

160 - Total non-current assets 2,246 2,284 -2% Total Assets 4,562 4,390 +4% Bank overdrafts and short-term loans from financial institutions 1,642 1,328 +24% Trade payables 324 473 -31% Current portion

overdrafts and short-term loans from financial institutions 1,488 1,512 (2%) Account payables 463 437 5.9% Current portion of long-term loans from financial institutions 142 190 (25%) Current portion of

(มหาชน) Bangkok Chain Hospital Public Company Limited Financial Ratio For the year ended 31 December 2019 2018 Current Ratio (times) 1.4 1.5 Average Collection Period (days) 68.4 58.0 Average Payables

2,146.20 100.00% 2,271.46 100.00% LIABILITIES Current liabilities Bank overdraft and borrowing from financial institutions 38.20 1.78% 53.56 2.36% Account payables, trade and others 430.72 20.07% 531.90

other payables of THB 456.8 mm, mainly due to decrease in income received in advance. 4. Increase in debentures (net) of THB 752.7 mm. Because during this year the Company has issued debenture, totaling

- Table 7: Comparison Total Liabilities between year 2017 and 2016 (Baht 1,000) Items 2017 2016 ±% Current Liabilities: -Short-term loans -Trade and other payables - Advance received from the sale of land

) Long-term loans from financial institutions 2,464.6 2,767.5 (302.9) (10.9) Trade and other payables 295.2 249.4 45.8 18.4 Leases liabilities (net) 19.4 0.6 18.8 3,133.3 Other liabilities 140.7 107.2 33.5

WHABT as mentioned above. 3. Increase in trade and other payables of THB 979.9 mm, mainly due to the cash received from WHA-W1 exercise before paid-up the capital. 4. Increase in deferred tax of THB 430.6

COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2019 6 7. FINANCIAL POSITION ANALYSIS (Cont.) - Account payables were 274.97 million Baht, increased by 127.76 million Baht from discount for PWA