increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

Group, the refinery had an average crude run of 112.6 KBD or 94% utilization rate; the average crude run was higher than 2018 which underwent Turn Around Maintenance, and was able to average crude run at

Product Company Limited”) - Short – term loans from and accrued interest – related company decreased by 40 MB due to the subsidiary repay debt to the related company 40 MB. - Other current liability

liabilities as of 30 June 2017 total THB 47.6 mn, a decrease THB 15.4 mn or equivalent to 24.5% at year-ended 2016. The mainly factor is repayment schedule of long-term debt and liability under finance lease

96.64 million, decreased by Baht 2.53 million or equivalent to 2.55% because of write-off the asset impairment. 2.2 Liability analysis As at March 31, 2019, the Company has total liabilities at Baht 92.12

to payment on short-term liability was still high. While Debt to Equity ratio of the Group and Interest Bearing Debt to Equity ratio was 0.84 times and 0.23 times, consequently, which is low risk on

the financial lease contract and estimated liability on lawsuit was decreased by Baht 6.63 million because the lawsuit is finalized. Shareholders’ Equity As at September 30, 2018, the Company has

or equivalent to 272.32% from allowance of asset impairment. 2.2 Liability analysis As at December 31, 2019, the Company has total liabilities at Baht 86.37 million which decreased from as at December

-use asset. 2.2 Liability analysis As at March 31, 2020, the Company has total liabilities at Baht 291.16 million which increased from as at December 31, 2019 by Baht 204.79 million or equivalent to

loss for the period amounting to 2.17 Million Baht. As at 30 June 2020, the Group’s Current ratio was 1.40 times which mean the company’s liquidity to payment on short-term liability was still high