Interest-bearing debt - 1 year 8,138 2,274 12,009 48% 428% Other current liabilities 9,612 12,080 12,732 32% 5% Total current liabilities 17,750 14,354 24,741 39% 72% Non-current liabilities Interest-bearing

146,407 148,068 39% 1% Total assets 122,366 161,708 163,082 33% 1% Current liabilities Interest-bearing debt - 1 year 2,234 10,876 10,133 354% (7%) Other current liabilities 11,044 13,737 13,214 20% (4

146,407 153,100 5% 5% Total assets 160,437 161,708 169,418 6% 5% Current liabilities Interest-bearing debt - 1 year 12,009 10,876 9,651 (20%) (11%) Other current liabilities 12,732 13,737 12,289 (3%) (11

112,342 146,407 152,570 36% 4% Total assets 123,006 161,708 168,226 37% 4% Current liabilities Interest-bearing debt - 1 year 5,634 10,876 12,215 117% 12% Other current liabilities 11,174 13,737 12,747 14

expanding capacity in tap water concession. - Other non-current assets were 390.41 million Baht, increased by 39.50 million Baht from advance payment of the investment project. 2) Liabilities At the end of

5.59% which declined from the same period of 2017 due to the lower net profit. For the liquidity analysis, current ratio rose to 0.44 times. Debt to equity ratio improved to 0.86 times due to the

right of use assets following Accounting Standard as regular periods. • Other Current Financial Assets decreased by THB 10 million due to the debt repayment from customer on trade and other receivables

lower net profit. For the liquidity analysis, current ratio rose to 0.56 times. Debt to equity ratio improved to 0.84 times due to the repayment of long term debt. Debt service coverage ratio (DSCR

Assets 58,930 40,910 18,020 Payables 5,165 4,262 904 Short-Term Debt 4,387 2,124 2,978 Current Liabilities 10,754 6,748 4,005 Long-Term Debt 26,366 14,082 12,284 Liabilities 38,837 21,815 17,022 Equity

Assets Other Liabilities PP&E Non-current Assets Interest Bearing Debt Shareholders’ Equities Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 12 Statement of Cash Flows