capital requirements. • Trade accounts payable decreased by Baht 672 million, mainly due to repayment of liabilities by the subsidiary. Trade accounts payable of the Company increased by Baht 735 million

million. (3) Debentures increased in the total amount of THB 1,139.58 million due to the appreciation of USD currency in relative to THB currency. (4) Trade accounts payable of Ratchaburi Electricity

asset under TFRS 16. 2. Accrued dividend increased by THB 205 million due to the approval the Company’ s Board of Directors on March 27, 2020. 3. Accounts payable and other accounts payables decreased by

on Trade Finance The assets and liabilities as shown on the balance sheet are consisted of cash, transaction equivalent to cash, invesment, trade accounts receivable and payable, other trade accounts

43.0% due to Q3–2021, the Company paid for goods and services according to the credit term. Therefore, the trade accounts payable decreased while the short-term loans from financial institutions

non-current assets 4,604 2% 1,698 1% 275 0% Total non-current assets 242,664 87% 233,242 91% 213,791 88% Total assets 278,792 100% 255,439 100% 243,955 100% Trade accounts payable 2,945 1% 1,135 0

ratio (times) 1.7 2.1 1.7 2.1 Number of days of inventory 48 30 41 32 Collection period (days) 53 43 49 43 Accounts payable (days) 57 42 50 42 Profitability Ratios Gross profit margin (%) 33.6 35.3 34.5

for doubtful accounts in amount of THB 35.36 million, slightly increased from THB 34.41 million in 2017. The allowance for doubtful accounts was at acceptable level of 3.68% of total trade receivables

%. Trade and other Receivable In 2019, the Company and its subsidiaries recorded allowance for doubtful accounts in amount of THB 33.92 million, slightly decreased from THB 35.36 million in 2018. The

Inventory Turnover 6 (times) 66.93 70.56 70.75 Average Inventory Turnover Period 7 (days) 5 5 5 Account payable Turnover 8 (times) 23.35 22.54 20.43 Average Payment Period 9 (days) 15 16 18 Cash Cycle 10