of Baht 0.28 million was shown profit from a sales of a vehicle. (5) Dividend income In 2017, the Company had no dividend income, which impacted the revenue to decrease. In 2016, the Company received

economic slower expansion indicated risk of soften retail trade sector. (Source: BOT Press Release No.56/2019 on Monetary Policy Report and Monetary Policy Committee’s Decision 7/2019) 2 Performance Analysis

which may affect international trade and exchange rate fluctuation. According to the Bank of Thailand data, at the end of December 2017, reported the total numbers of credit card industry amounted to 20.3

driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially

from network equipment. Total liabilities were Bt241,491mn increasing 3.7%, partly due to a dividend payable of Bt12,755mn recognized to be paid on 26 th April. Interest-bearing debt was Bt95bn, all of

from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down-cycle of electronic products. In the tourism sector, the number of tourist

2,643 0.9% 2,353 0.8% Net debt to equity (times) 2.0 1.9 1.7 Trade receivable 14,179 5.0% 16,066 5.7% Net debt to EBITDA (times) 1.3 1.2 1.2 Inventories 3,951 1.4% 4,424 1.6% Current Ratio (times) 0.5 0.5

fee). For financing activities, AIS paid a dividend of Bt10,943mn, a net repayment of Bt4,391mn, and lease liability of Bt5,860mn. As a result, net cash decreased by Bt1,445mn resulting in Bt16,970mn

and cash equivalents amounting to 10,510 MTHB, increasing 2,970 MTHB or 39% comparing to 7,540 MTHB at the end of 2018. (see further information in analysis of cash flow) 2. The balance of trade

increase in trade receivable and other receivable and property, plant and equipment, and intangible assets increased as the company bought fixed assets and software to use in the operation during the period