increase was mainly from Bangkok Expressway and Metro Public Company Limited (BEM)’s gain on fair value adjustment of investment due to reclassification in the amount of Baht 2,030 Million, net of corporate

Shareholders’ Equity 1,876.1 1,882.8 (0.4) Current Ratio (times) 1.26 1.91 Debt to Equity Ratio (times) 0.75 0.62 Ocean Glass Public Company Limited Page 3/3 Management Discussion and Analysis Ocean Glass Public

) payback long term loan of 18.72 Million Baht Shareholders’ Equity  As at September 30, 2018 company has shareholders’ equity of 2,574.75 Million Baht as 101.66 Million Baht increased when compared to

(decrease) Consolidate financial statement TOTAL ASSET 1,185.22 1,214.62 (29.4 ) (2.42%) TOTAL LIABILITY 701.72 668.88 32.8 4.91% TOTAL SHAREHOLDERS' EQUITY 483.50 545.74 (62.2 ) (11.40%) STATEMENT OF

132.5 -3.5 -2.6% Other non-current assets 186.7 213.1 -26.4 -12.4% Total non-current assets 2,127.3 2,148.7 -21.4 -1.0% Total Assets 2,560.4 2,409.5 150.9 6.2% Liabilities and Shareholders' Equity OD and

the Shareholders’ Meeting for this transaction according to the Notification of the Market Supervisory Board No. Tor Jor. 21/2551 Re: Rules on Connected Transactions and the Notification of the Board of

% , respectively. Administrative expenses In the six-month period ended June 30, 2019 and the six-month period ended June 30, 2020, the Company’ s administrative expenses amounted to Baht 58. 71 million and Baht 59

recognized loss sharing to minority shareholders according to the percentage of shareholding of net loss in subsidiary was amount by 1.77 million for the three months period ended 30th June 2020, contrary to

from Sales and Service 433.88 474.93 -41.05 -8.64% Total Revenue 441.93 475.64 -33.71 -7.09% Net Profit for the Year 28.53 30.63 -2.10 -6.84% Net Profit for Shareholders of the Company 23.94 21.94 2.00

short-term loan to financial institutions. And pay back some of the debentures for the shares due in May 2020. Shareholders’ equity as of June 30,2020 and December 31,2019 amount to Baht 1,673.78 million