continuously the revenues as planned whereby reduce further its debts by repaying these to the financial institutions, the debt to equity ratio may decrease further by year end 2017. 7 2017 MD&A: PACE

the customers and recognize continuously the revenues as planned whereby reduce further its debts by repaying these to the financial institutions, the debt to equity ratio may decrease further by year

difference in fair value of derivative from the adoption of TFRS9 financial instruments. The debt to equity ratio was 0.39 times, the net debt to equity ratio was 0.31 times, the interest-bearing debt to

afterward. The capital increase from Initial Public Offering would result in the marked decrease in Debt- to-Equity ratio and financial costs going forward. On November 14, 2019, the Company entered into the

Equity (%) 15.32% 17.67% 23.26% Return on Assets (%) 10.66% 12.25% 16.37% Return on fixed assets (%) 89.99% 116.94% 161.08% Asset turnover times 1.09 1.06 1.17 Financial Policy Ratios Debt to Equity times

THB 27 million due to sales of financial assets, the debt repayment from customer on trade and other receivables and lower inventory. Total LiabilitiesL As of 30 September 2021, the total liabilities of

-term debt and interest from 2 financial institution which are 1.2.1) Bill of Exchange in an amount of THB 28.33 mn due on 29 December 2017 1.2.2) Overdraft in an amount of THB 1.67 mn 5/8 2.) To utilize

financial institutions. The debt-to-equity ratio reduced to 0.43 at 31 December 2019 compared to 2.34 at the end of 2018. This improvement was mainly due to (1) the repayment of all short-term borrowings from

between the period, and in case of deposits in the financial institution having position or business operation problem, it shall disclose such amount of cash. 4.3 Investments in debt and net equity

in case of deposits in the financial institution having position or business operation problem, it shall disclose such amount of cash. 4.3 Investments in debt and net equity securities It shall