, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating

: This annual registration statement (Form 56-1) contains minimum information required to be disclosed by the issuing company (“Company”). Preparation and filing thereof should take into consideration the

Change 2019 2018 Amount Percent Total assets 14,115.6 12,627.5 1,488.1 11.8 Current assets 2,966.9 2,548.7 418.2 16.4 Non-current assets 11,148.7 10,078.8 1,069.9 10.6 Total liabilities 7,137.3 6,229.7

million THB and 17.05 million THB required for projects. Other Current Assets Other current assets comprises of advance payment, undue VAT, A/R Revenue Department, withholding tax, etc. At the yearend 2016

services at 4.32 million THB and 21.34 million THB required for projects. Other Current Assets Other current assets comprises of advance payment, undue VAT, A/R Revenue Department, withholding tax, etc. At

recognized as revenue once the installation and commissioning are conducted in relation to work progress. Other Current Assets Other current assets comprises of advance payment, undue VAT, A/R Revenue

total liabilities of the Company were THB 147 million, increased by THB 7 million or 5% from 31 December 2018. The increase was mainly due to the THB 13 million increase in other non-current liability as

185,200 million, increasing by 1.9%. Deposits comprised of 61.2% of term deposits and 38.8% of current and saving accounts (CASA). Meanwhile, debts and borrowings were Baht 40,359 million, declining by 17.6

 Net debt to equity ratio as of 31 March 2018 stood at 0.34x, an improvement from 0.93x in 31 December 2017. Current ratio as of the same date stood at 3.09x, a significant improvement from 1.70x, both

December 31, 2017. The details were as follows: (Million Baht) Jun 30, 2018 Dec 31, 2017 * Increase (Decrease) % Current assets 28,933.71 23,542.13 5,391.58 22.9 Non-current assets 74,750.35 70,252.28