Financial Reporting Standard No. 16 : Lease (TFRS 16), effective 1 January 2020, has impacted the Company and its subsidiaries’ financial statement in recognizing a right-of-use asset and a lease liability in
to 4.2% from 5.0% at the end of 2017. On Special Asset Management business, the Bank sold non-performing assets (NPAs) totaling Baht 295 million and had gain of Baht 144 million. In the Financial
Baht from sale of assets that the Company can further utilize as debt repayment, which will relief risks from litigation to be initiated by relevant trade debtors. This will also enhance financial
already complied. As for listed firms’ monitoring of their financial reports, particularly those connected transactions of significant size, relevant parties, i.e., the company’s management, internal
fund and private fund management fee from Solaris Asset Management Company Limited (“Solaris”) decreased. The Company recognized share of loss from associated companies under equity method of Baht 5.02
Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2020 (Unit : M ill ion Baht) 2020 2019 Inc. / (Dec.) % (Re st at
Equity ratio 1.75 1.64 2.13 Interest Bearing Debt ratio 0.77 0.70 0.78 Return on Asset 15.2% 15.7% 16.8% Return on Equity 44.5% 45.2% 48.0% Financial Ratio 5 Forth Smart Service Public Company Limited
expenses. Summary of the Financial Position as ended 30 September 2017 Total Asset As ended December 31, 2017, the total asset of the company and subsidiaries was Baht 564.75 million whereas Baht 468.38
Ratios Return on Asset (%) 3.54 2.29 4.55 1.64 Return on fixed assets (%) 4.61 2.74 10.91 6.18 Financial Policy Ratios Debt to equity ratio (time) 1.00 1.25 1.15 1.50 Interest coverage ratio (time) 3.62