namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could

household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s

level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in

. Total liabilities amounted to Baht 57,671.82 million, increasing by Baht 2,270.44 million from the end of prior year mainly due to the increase of accounts payable, other payables and advances received

of accounts payable, other payables, advances received from employers, short-term bank loan and debenture. Total shareholders’ equity amounted to Baht 25,508.09 million, an increase of Baht 1,635.01

assets. Total liabilities amounted to Baht 54,773.07 million, decreasing by Baht 2,898.75 million from the end of prior year due to decreased accounts payable and other payables. Total shareholders’ equity

other operating expenses 2,462,203 2,060,064 402,139 19.5 Impairment loss on loans and debt securities 484,520 433,670 50,850 11.7 Profit from operating before income tax expenses 1,494,151 1,844,833

including the decrease in trade account payable of Baht 219 million as a result of the higher account payable for feedstock purchased during the end of 2016 in mitigating risk of flood in the Southern region

Receivable Period 62 73 Inventory Period ** 44 36 Trade Payable Period 41 45 Leverage Ratios (x) Interest Coverage 34 120 Total Debt to Equity 0.44 0.13 * calculated by using earning four previous consecutive

of foreclosed assets 47,562 (10,441) 58,003 (555.5) Other expenses 406,899 444,470 (37,571) (8.5) Total other operating expenses 2,114,477 1,846,361 268,116 14.5 Impairment loss on loans and debt