from sale, which increased by Baht 2.5 million from the same period of last year. This effect from recognition of interest expenses from adoption of TFRS 16 – Leases. 2/4 JUBILEE ENTERPRISE PUBLIC

56.11 million baht respectively, an increase of 71.44 million baht or 127.32 % as a result of recognition The income of Euroasia total Logistics Co., Ltd., which is the main cross-border land

, there is no demand for new installation. 2. Construction service income for the year sharply increased 207.40 Million Baht, accounting for 59.80% from previous year as the revenue recognition on progress

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

, Thailand Tel. 66 2323 1085..96 Fax. 66 2323 9283 4.3 Liquidity adequacy Description units As of 31 December 2018 2017 Current Ratio times 5.54 7.63 Quick ratio times 3.38 4.47 Inventory turn over times 4.20

the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended 31st December (Unit: Time) 2019 2018 Current Ratio 6.27 5.86 Quick Ratio 3.64 2.81 Inventory Turnover 3.22 2.91

Baht. 9. Key Financial Ratios Key Financial Ratios As of 30 Jun 2016 As of 30 Jun 2017 Liquidity Ratio Current ratio (time) 0.35 0.30 Quick ratio (time) 0.34 0.29 Cash flow ratio (time) 0.82 0.65

adequacy Description units As of 31 December 2017 2016 Current Ratio times 7.63 4.27 Quick ratio times 4.47 2.82 Inventory turn over times 4.71 4.76 Average debt collection days 79 80  Current ratio was

5.90 5.83 Quick Ratio 3.08 3.17 Inventory Turnover 3.37 3.26 • Current ratio was 5.90 times, increased from the year 2016 which was equivalent to 5.83 times because current assets and current liabilities

, 2019 Liquidity and capital adequacy As at 30 September 2019 and 31 December 2018, the current ratio of the Company and its subsidiaries are 2.72 times and 4.58 times, respectively, and the quick ratio