Analysis For the period ended 31 March 2020 For the year ended 31 December 2019 Change Reason Liquidity Ratio (x) 6.40 5.85 0.55 The decrease in account payable. Quick Ratio (x) 2.05 1.91 0.14 The decrease
the pro forma financial information of HCGB. Liquidity and Appropriateness of Capital Structure As at 31 December 2018 and 2019, the Company had the current ratios of 1.10 and 1. 14 and the quick ratios
the quick ratios of 0.55 and 0.70, respectively. The increases were because the Company had less inventories corresponding to the decreased sales values. In its business operation, the Company uses the
2019 Change Reason Liquidity Ratio (x) 5.39 5.85 (0.46) Decreased mainly due to current portion of long-term lease liabilities increasing while asset increased less that liabilities increased. Quick
Liquidity Ratio (x) 5.23 4.53 0.70 Increased mainly due to the decline of account payable, while current asset decreased at slower pace. Quick Ratio (x) 1.63 1.93 (0.30) Decreased from lower cash and cash
shareholding in BBGI due to the IPO is considered a disposal of the Company’s assets. The highest value of this transaction calculated based on the value of net tangible asset is equal to 1.36 percent. In light
”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. The statements are based on our management’s assumptions and beliefs in light of the information currently available
”, “continue” “plan” or other similar words. The statements are based on our management’s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and
to expand overseas markets in the future Therefore the Company’s Board of Directors has given the green light to go with the joint venture agreement at the executive meeting. 11. Opinions of the Audit
services to maximize customers’ satisfaction. Also, it is a good opportunity to expand overseas markets in the future Therefore the Company’s Board of Directors has given the green light to go with the joint