Weighted average financing cost at the end of 2Q19 stood at 3.20% Net debt to equity ratio stood at 0.47x Capital Structure As of June 30, 2019, CPN reported total interest-bearing debt of THB 37,545 mn, an

debt in sustaining the net capital**. Moreover, the proposed amendment included a review of the risk haircut rates used in calculating the net capital adequacy in alignment with the current conditions

Company had financial flexibility with strong balance sheet supported by low net interest bearing debt to equity of 0.09 time. Unit: THB mn 31-Mar-18 % to total assets 31-Dec-17 % to total assets Chg Cash

6 Total equity stood at Bt19,096mn, grew by 23% from end of FY2016, mainly from FY2017 net profit and the increase of capital, as previously mentioned. Capital Structure Net interest-bearing debt to

previously mentioned. Capital Structure Net interest-bearing debt to equity stood at 0.31x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e

by temporarily prepaying loan, resulting in decrease in interest-bearing debt. In addition, interest rate of interest-bearing debt also decrease from last year. Net profit for Q4/2020 compared to Q3

debt increased for working capital, while the long-term loan decreased due to increased cash flow from operations and as the Company repaid long-term loans in advance. As of June 30, 2018, Net Interest

. As of December 31, 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.31 times as a result of lower debts and higher equity. Shareholders' Equity As of December 31, 2017, shareholders

financing cost stood at 2.81% Net debt to equity ratio stood at 0.07x In 2017, CPN spent approximately THB 16,024 mn of capital expenditure (CAPEX), THB 10,455 mn of which on land acquisition and development

utilisation and lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group as no net interest bearing debt and operating working capital is positive the groups