expenses 3 As per internal classification and includes gain on bargain purchase on new acquisitions and their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion

PP&E of THB 429.40 million. In 2018, the consolidated return on asset was 5.86% times, lower than 2017 at 9.94%. Trade and other Receivable In 2018, the Company and its subsidiaries recorded allowance

% 21.4 0.9% 15.4 256.7% Trade and other receivables 39.0 1.6% 56.0 2.4% 17 43.6% Property Development Cost 243.9 9.8% 156.7 6.8% -87.2 -35.8% Investment Properties 520.4 20.8% 518.9 22.6% -1.5 -0.3% Land

expected due to declining global trade volumes and the slower economic growth of major trading partners, which were affected by trade tensions between the US and China. Export growth has been negatively

and cash equivalents amounting to 10,510 MTHB, increasing 2,970 MTHB or 39% comparing to 7,540 MTHB at the end of 2018. (see further information in analysis of cash flow) 2. The balance of trade

increase in trade receivable and other receivable and property, plant and equipment, and intangible assets increased as the company bought fixed assets and software to use in the operation during the period

increase of 3 1 . 3 7 million baht or 1 1 . 2 8 percent when compared to trade accounts receivable as at December 31, 2016 of 277.90 million baht. also 2. The Company's total liabilities as at March 31, 2017

Business Manufacture and trade steel bars and finished steel products Relationship with the Company Business Partners Debt amount * 231.89 million Baht Debt to Sales ratio** 7.21% Provision for allowance for

(67.90) (23.70%) Temporary investments 40.50 69.97 (29.47) (42.12%) Trade and other receivables 265.13 319.33 (54.20) (16.97%) Inventories 48.44 31.62 16.82 53.19% Other current assets 2.45 3.29 (0.84

  Baht or cost and Gross P The Co represe is slight 2017 wa same pe Service The Com 30.51 m month e 75.60% and em Summa Assets Cash a Trade Prope Invest Lease Depos Total Ass Liabilities OD an Trade Long-t