December 2019 To: Managing Director of the Stock Exchange of Thailand Business Overview In 2019, the impact of trade war between the United States and China, together with the global economic slowdown caused
sugar supply surplus in 2018 which still affects current price, now trade around 12 - 13 cent/lb. As a result, the Company recorded a decrease in average sugar price from the previous year but the Company
sugar supply surplus in 2018 which still affects current price, now trade around 12 - 13 cent/lb. As a result, the Company recorded a decrease in average sugar price from the previous year. Therefore the
Liabilities 19,179 20,532 Total Equity (433) 172 Minority 10,937 9,928 Gr ou p HR C Gr ou p บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30
% primarily from the increase in interest-bearing debts of Baht 281.31 million and trade and other current payables increased of Baht 2.71 million resulting to the decrease in interest –bearing debts to equity
570.6 million baht, decreased 25.3 million baht or 4.2 percent compared to current assets as of December 31, 2019. Mostly due to cash equivalents decreased 9.1 million baht. Trade and other receivables
increase equivalent to 14.3% at year-ended 2016. This first mainly due to increasing of trade and other receivables. The second, due to inventories and short-term investment. Current assets accounted for
of Position 31-Dec-16 31-Dec-17 Change MB % MB % MB % Assets Cash and cash equivalents 70.1 3.1% 6.0 0.2% (64.02) -91.4% Trade and other receivables 33.5 1.5% 39.0 1.6% 5.4 16.2% Property Development
% Total Assets 2,264.9 100.0% 2,496.2 100.0% 231.3 10.2% Liabilities and Shareholder’s Equity Overdrafts and Short Term Loan 13.3 0.6% 76.3 3.1% 63.0 474.8% Trade and other payables 140.2 6.2% 123.6
987.8% Trade and Other Receivables 67.7 56.0 11.7 20.9% Property Development Cost 239.6 156.7 82.9 52.9% Other current assets 34.5 26.7 7.8 29.3% Total current assets 574.4 260.7 313.6 120.3% Investment