188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

management business dividing two types of income, as below; 2.1 Income from water production and distribution increased by Baht 9.33 million from investment in a company possessing a water production contract

812 million, whereas in 2018 was Baht 800 million, showing an increase of Baht 12 million or 1.49 % increase. Due to loss effect on liquidity of company so that there is rebalance by increasing of debt

mainly resulting from loss result of the forward contract (FX Forward) in order to hedge foreign exchange risk of transactions payments of raw material and machinery purchases in foreign currency

28.21 million. The Company had already recognized doubtful debt for this amount in full. 3.4 Details of Share of profit (loss) from investments in associates and joint ventures are as follows: Name

Exchange Loss on foreign exchange presented at Baht 74.2 million, increase by 100.0% from forward contract.  Finance Costs Finance costs presented at Baht 4.2 million, decreased by 13.1% due to decrement in

Municipality Solid Waste Power Plant, an indirect subsidiary entered into contract with Krabi Municipality to provide waste management services (converting solid waste into electrical energy for 25-year period

and for the six-month ended 30 June 2020 amounting to Baht 529.4 million which is the revenue from construction of Municipality Solid Waste Power Plant, an indirect subsidiary entered into contract with

million which is the revenue from construction of Municipality Solid Waste Power Plant, an indirect subsidiary entered into contract with Krabi Municipality to provide waste management services (converting

income, the revenues from sales, services and construction contract of the year decreased from 2017, the mainly reason is that the number of large-scale project auction declined and the - 2 - delay in