3.15 26% Core EBITDA/t (US$/t)) 111 122 90 23% 110 89 24% Net Operating Debt to Equity 0.54 0.57 0.88 (39)% 0.54 0.88 (39)% Note: (1) Consolidated financials are based upon elimination of intra-company
can vary based on the position, work experience, role and responsibility, year of working with the Company, competency, current and previous performance, also the potential and prospect that each
encumbrance of others to the borrower, and the borrower has to pledge asset as collateral to the lender in order to guarantee the borrower’s performance of obligation. Additionally, the lender has to return the
borrower, and the borrower has to pledge asset as collateral to the lender in order to guarantee the borrower’s performance of obligation. Additionally, the lender has to return the collateral to the
year 2018, costs of sales and services were accounted for 84.5 percent and 84.3 percent of total operating expenses. Fuel Costs: fuel costs are variable based on number of block hours. For year 2017 and
which is more than THB 20 million or 3 percent of NTA of the Company persuant to Notification on Connected Transactions, which falls into the same obligation as 2014 Receiving Financial Assistance
% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are based upon
based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated financials due to holding segment 3Core EBITDA is Reported
obligation from fuel price hedging until March 2020 amounting to 900,000 barrels. 18 ASIA’S BOUTIQUE AIRLINE Aircraft Repair and Maintenance Costs: aircraft repair and maintenance costs were higher from