institutions, involving extensions, postponements, or adjustments to repayment schedules; and      (5)  a waiver of the obligation to maintain the net debt-to-equity ratio at the end of the 2024 fiscal year

of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to

Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

beginning of the year, depressing farm income and the purchasing power of farm households, which represent a majority of the population. Coupled with high levels of household debt, these factors limited the

-year average of 68.0 percent. Consequently, employment contracted by 0.7 percent. Private consumption slightly softened due to stagnant farm and non-farm income growth. Moreover, household debt, which

ดอกเบ้ียจ่าย ภาษีเงินได ้ค่าเส่ือมราคา และค่าตดัจ าหน่าย (interest bearing debt to EBITDA ratio) (เท่า) หน้ีสินทั้งหมดท่ีมีภาระดอกเบ้ีย / ก าไรก่อนหกัดอกเบ้ีย ภาษี ค่าเส่ือมราคา และค่าตดัจ าหน่าย (4

consider and approve the following matters:      (1)  Exemption from an event of default for the bond issuer’s  non-compliance with the requirement to maintain the Interest-Bearing Debt to Equity Ratio of

660 466 6.Fixed Asset Turnover Times 2.5 2.7 1.98 7.Asset Turnover Times 0.46 0.49 0.40 8.Debt to Equity Ratio Times 0.08 0.10 0.11 9.Gross Profit Ratio % 34.3 34.6 35.2 10.Net Profit Ratio % 11.2 13.2

times its total foreign-currency-denominated debt. The Thai baht stood at 32.55 THB/USD at the end of 2018, easing by 0.75 percent from 32.31 THB/USD at the beginning of the year. On the domestic front

profit or loss - 20,106 - - 20,106 Derivatives liabilities 37,837 - 1,599 - 39,436 Debt issued and borrowings 144,681 (8,227) - - 136,454 Bank’s Liability under acceptance 1,627 (1,627) - - - Provisions