146,407 153,555 5% Total assets 161,708 169,933 5% Current liabilities Interest-bearing debt - 1 year 10,876 8,739 (20%) Other current liabilities 13,707 12,336 (10%) Total current liabilities 24,583 21,075

(x) 0.2 0.2 Interest bearing debt to EBITDA(x) 2.3 2.1 Notes: Current Ratio(Times) = Current assets divided by current liabilities EBITDA to sales revenue (%) = EBITDA divided by sales revenue Net

103 190 (46%) Short-term loan from other parties 9 19 (54%) Accrued interest expenses 174 1,478 (88%) Liabilities under debt restructuring 1,249 - 100% Current portion of liabilities under

April 2018, respectively. AIS' financial position remained strong with a current ratio and an interest coverage ratio of 0.5x and 13x, respectively. At the end of 2017, AIS had interest-bearing debt of

bearing debt to EBITDA (Times) 1.03 1.92 2.17 Current Ratio (Times) = Current assets divided by current liabilities EBITDA to sales revenue (%) = EBITDA divided by sales revenue Net Profit to sales revenue

payment of 154 MB. Cash and Cash Equivalent Account Receivable, Inventory, and other Current Assets PP&E Non-current Assets Other Liabilities Interest Bearing Debt Shareholders’ Equities December 31, 2016

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

of short- term borrowings from financial institutions by using money gained from trading of its ordinary shares in the MAI stock exchange. • Other current assets decreased by Baht 19.58 million. This

2,963 1.1% 2,495 0.9% Net debt to equity (times) 2.57 2.03 2.30 Trade receivable 11,377 4.1% 12,939 4.6% Net debt to EBITDA (times) 1.53 1.32 1.39 Inventories 3,085 1.1% 2,519 0.9% Current Ratio (times

investment 2,643 0.9% 2,221 0.8% Net debt to equity (times) 1.9 2.0 1.7 Trade receivable 14,179 5.0% 16,361 5.6% Net debt to EBITDA (times) 1.4 1.4 1.3 Inventories 3,951 1.4% 3,823 1.3% Current Ratio (times