Company’s interest expenses decreased by Baht 4.62 million from reduction in borrowing. In this quarter, the Company also received debt repayment from the securities business receivable and reversed the

revenue and profit margin from such project with lower production cost than projected.  Redemption of debenture in January 2020 in the amount of THB 300 million  Repayment of short-term borrowings from

due to principal pay-off. • Trade and other current payables decreased THB 196.81 million from THB 543.46 million as at December 31, 2018 to THB 346.65 million as a result of payables repayment

346.65 million as a result of payables repayment. Shareholders’ Equity As of December 31, 2019, total equity on consolidated basis dropped from THB 1,301.01 in 2018 to THB 822.38 million in 2019 mainly due

September 2020, which dropped by 10% from THB 1,706 million as of 31st December 2019. The decrease in the liabilities was mainly because of the repayment of long-term loans from financial institutions. Earth

material due to increase of production order and decreasing in bank overdraft and short-term borrowings from financial institution due to the repayment. In conclusion, the Company operates with our corporate

revenue recognition and payment received during the period. - Repayment of long-term bank borrowings decreased amounting to 29.70 Million Baht during 2019 - The Group has short-term borrowing for using as

rate is 4.5% per annum. The objectives of issuing the debentures are a) investment in the new projects, b) repayment of debts, and c) working capital. The Company can sell debentures of Baht 1,720.1

cost. The risk of not receiving repayment according to this transaction is low. 9. Comments of the Audit Committee and/or directors of the Board of Directors, which are different from those of directors

and strengthen the cash flow and the financial statements in a long-term. The investment in the ERU project will promote energy security, with the use of by-product (petroleum pitch) from the refinery