the expansion of digital content via telecommunication channels service. Total equity Total equity as at 30 September 2021 and 31 December 2020 were THB 549.32 million and THB 90.56 million

% 1,334 31.3% 151 12.8% Total liabilities and shareholders’ equity 3,185 100.0% 4,260 100.0% 1,075 33.8% 5 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis As at

December 2016 which was 501.33 Million Baht because of unearned income of Cold Water Generation Plant project in oil and gas construction service The Group’s total shareholders’ equity as at 30 September

in oil and gas construction service The Group’s total shareholders’ equity as at 30 September 2017 was 844.12 Million Baht decreased from 31 December 2016 which was 857.63 Million Baht because dividend

gas construction service The Group’s total shareholders’ equity as at 30 September 2017 was 844.12 Million Baht decreased from 31 December 2016 which was 857.63 Million Baht because dividend payment on

Shareholders’ equity Total revenues Total expenses Net profit Net debt to EBITDA ratio Interest coverage ratio (ICR) 2 Debt service coverage ratio (DSCR)2 Debt to equity ratio Current ratio B/E size to interest

costs of construction and service. The debt to equity ratio of the 2nd quarter was equivalent to 410.39 times whereas -16.47 times in 2019 due to higher shareholders’ equity from the capital increase as

from assets which decreased from expanding Boonterm koisk. Return on Equity stood at 46.8% which decreased from increasing total shareholders’ equity 5 Forth Smart Service Public Company Limited (FSMART

1 Forth Smart Service Public Company Limited (FSMART) 3Q17 Management Discussion and Analysis Operational Summary in 3Q17  Total revenue from core business was Bt788mn, an increase of 42.1% YoY

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