. 2. Total Interest Income 0.50 Million Baht was 0.01 Million Baht or 30.36% lower from the last year. The savings of subsidiaries decreased for working capital. 3. Dividend income 0.02 Million Baht was

in third Factory, Because of calculation the size of investment (Non- Excluding working capital amount of 100 million baht), equivalent to 45.28% of total assets acquired during the past 6 months. The

the shareholder’s Meeting 2018 in order to changing the objectives using budgets ) it is 134.74 Million Baht and working capital in amounts of 25.26 Million Baht, loan from financial institution or/ and

million at the end of 2017 to Bt6,114 million as of December 31, 2018; short-term debt increased for working capital, while long-term debt decreased due to increased cash flow from operations and as the

from operating activities for 2018 are Baht 608 million, decreased by Baht 593 million. It is due to the increased working capital i.e. trade and other receivables, unbilled receivables, trade and other

Director Ratio Analysis :Consolidated Financial Statements 2018 2017 Unit : THB million Returns (%) Return on Assets * 13.5% 12.6% Return on Equity * 19.4% 14.3% Working Capital Management (Days) Trade

an existing plant. Source of Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which

operating activities for 2019 were Baht 1,935 million, increased by Baht 1,327 million compared to that of the previous year amounting to Baht 608 million. It resulted from the increase of working capital i.e

working capital. Return on Asset stood at 20.5% because of effective asset management. Return on Equity stood at 48.5% from steadily increasing net profit. 5 Forth Smart Service Public Company Limited

used as a working capital; decreasing of inventory by Baht 0.75 million due to the Company’s policy to control the inventory every branch; decreasing of assets on long-term lease by Baht 3.68 million due