level at which signified reasonable capital structure and low financial risk. Breakdown of major liabilities Return on equity As at 31 December 2018, shareholders' equity amounted to 33,941 million baht

was associated with the level of capacity utilization, product mix, production efficiency, LME copper price and foreign currency exchange rate in the period. During 2019, the production of special grade

decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low

Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly

Company determines to maintain an optimal capital structure by lowering leverage level which will ultimately reduce debt ratio. Unit: THB million 31 December 2018 31 December 2019 Change Cash and cash

and its subsidiaries increased. Comprehensive net income also improved substantially with high level gross margins. While selling expenses decreased in the current year by comparison to the same quarter

นักงานในระยะ เริมตน้ตอ้งใชใ้นการฝึกอบรมและพฒันาทกัษะพนักงาน ทาํใหต้น้ทุนการผลิตในช่วงแรกยงัคงอยูใ่นอตัราสูง ทงันีเมือเขา้สู่ ระดับการผลิตทีเหมาะสม (Optimum Level) และการติดตังเครืองจักรบางกระบวนการผลิต

29.3% YoY. FSMART has continued the strategic plan of expanding the number of Boonterm kiosk effectively and maintaining the ARPU (average revenue per unit) level efficiently. In 2017, the average ARPU

person who is assigned by the board of directors to be the highest level responsible person in the management of a company. “ head of department ” means a person responsible for the work in the

to be the highest level responsible person in the management of a company; “ head of department ” means a person responsible for the work in the departmental level of a company; “ branch manager