inventory gain/loss. Net Operating Debt is Net Debt (total debt less cash and current investments) less cash outflow for the various projects underway which are not yet completed and have not yet started

As of 30 June 2020, the Company reported the total assets of THB 21,030 million, increased by THB 6,793 million or 47.7% from the total assets as of 31 December 2019. • Current Assets were decreased by

due to the recording of gain on land revaluation during the year in the amount of Baht 173.58 million and the recording loss on re-measurement of employee benefit obligation in the amount of Baht 3.76

31 Dec 2019 1,714.05 961.14 17.26 197.00 285.72 105.04 31 Mar 2020 1,443.84 161.69 934.78 278.75 226.00 Total other current liabilities Trade and other current payables L/T Debt (included current

Liabilities THB 11,949 million, which are all Current Liabilities 3. Non-current Liability THB 1,626 million Management’s Discussion and Analysis (MD&A) For Q3/2017 4 Accordingly, the Company has large amount

. The rising amount was mostly due to higher average market fuel price and additional excise tax for domestic flights. As of 30 September 2018, The Company still has an obligation from fuel price hedging

obligation accounting estimated amounting of Baht 1.84 million which included in Cost of sales in Quarter 2/2019. Cost of sales ratio at 86.59% (2018: at 90.11%) which effected to the company has a gross

2019 Total assets as of June30,2020, amounting to Baht 3,677.40 million, comprising current assets of Baht 814.11 million and non-current assets of Baht 2,863.29 million. Total assets decreased from the

days (days) 138 126 Efficiency Ratios Leverage Ratios Return on assets4 (%) 10.2% 5.1% Liability to Equity (times) 0.4 0.6 Return on fixed assets5 (%) 58.4% 29.7% Debt to equity (times) 0.0 0.2 Asset

” of THB 281mn in non-current assets, which was replaced by 1) goodwill of THB 262mn and an intangible assets of THB 36mn in non-current assets, 2) deferred tax liabilities of THB 7mn in non-liabilities