million, decreased by 13.2% when compared to the nine-month period of 2016. The decreases were the result of net non-interest income 55.4% and bad debt and doubtful accounts decreased by 39.5% due to the

Baht 1,873.8 million, decreased by 9.6% when compared to the nine-month period of 2016 were Baht 2,072.1 million. The result from net non-interest income decreased by 35.5% and bad debt and doubtful

172.65 178.85 (6.21) (3.47) Earnings before interest and taxes (EBIT) 10.58 32.79 (22.21) (67.73) Financial costs 4.75 0.72 4.04 559.72 Income tax expenses (2.87) 2.86 (5.73) (200.35) Net profit 8.70 29.21

Financial performances Comparison is as follows: THB’000 Q2/2017 Q2/2016 YoY Q1/2017 QoQ Revenue from sales and services 704,817 896,447 -21% 870,845 -19% Interest income 485 769 -37% 363 34% Other income

Assets Interest Bearing Debt Shareholders’ Equities Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 13 Shareholder’s equities As of December 31, 2018, the company had

Assets As of June 30, 2020 THB 12,496 million Shareholders’ Equities Interest Bearing Debt P a g e | 17 - Management Discussion and Analysis 2Q2020 - 2.3 PP&E decreased by THB 124 million due to a

Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q1 uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q1 2018 and Q4 2017) of property, plant and equipment

2017: 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018

equivalents at end of period 32.86 57.69 -24.84 -43% Golden Lime Public Company Limited 8 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2018 4. Financial Ratios Note: 1) Net Debt = Interest

adoption of TFRS9 financial instruments. As at 31 March 2021, The debt to equity ratio was 0.41 times, the net debt to equity ratio was 0.31 times, the interest-bearing debt to equity ratio was 0.37 times