at maturity and early redemption of loans with floating interest rate. As a result, CPN’s entire interest-bearing debt have fixed interest rates with an average cost of debt throughout the year at 3.17

December 31, 2017 of THB 9,529 mn due to the increase in short-term borrowings in 2Q18. As a result, CPN’s entire interest-bearing debt have fixed interest rates with an average cost of debt throughout the

result, CPN’s entire interest-bearing debt have fixed interest rates with an average cost of debt throughout the year at 2.81%, lower than the rate in 2016 at 3.23%. Net interest-bearing debt to equity

the end of 2019 stood at 2.91%, lower than 3.31% in 2018. Fixed interest rates debt comprises 56% of total interest-bearing debt whilst floating interest rates make up the remaining 44%. Net interest

maintaining the financial ratios (if any): Early redemption: Interest rate:  Fixed  Floating  Fixed and Floating Registrar: Interest payment period: Securities company underwriting the debt structure notes

0.4 Return on Fixed Assets (%) 11.4 11.0 Asset Turnover (Time) 0.5 0.5 Leverage Ratio Debt to Equity (Time) 1.1 1.0 Interest Coverage Ratio (Time) 0.6 1.3 23 ASIA’S BOUTIQUE AIRLINE Glossary https

Period Day 96 76 62 5.Sales Inventory Period Day 466 272 233 6.Fixed Asset Turnover Times 1.98 2.01 2.20 7.Asset Turnover Times 0.40 0.58 0.84 8.Debt to Equity Ratio Times 0.11 0.15 0.43 9.Gross Profit

%) 3.Others Income 20.64 29.91 21.76 4.Income from sales unused land - 132.59 5.Selling &Admin Expenses , Interest Exp. 239.98 205.96 210.06 6.Corporate Tax 43.77 59.92 35.39 7.Net Profit Before Reserve

interest income. The increase in net interest income was mainly due to an increase in interest income from loans. This was coupled with the decreases in interest expenses on debt issued and borrowings from

% Non-interest income 11,651 11,472 10,887 1.6% 7.0% 34,054 30,796 10.6% Operating expenses 11,938 12,846 12,095 (7.1)% (1.3)% 35,858 37,536 (4.5)% Impairment loss of loans and debt securities 6,259 5,688