trade and other payables of THB 207 million, and a decline in liabilities classified as held for sale (THB 394 million) post-divestment of Future Group. As of 31 December 2018, the Company had total

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

0.8% 1,997 0.7% Net debt to equity (times) 1.9 1.7 1.4 Trade receivable 16,361 5.6% 15,887 5.4% Net debt to EBITDA (times) 1.2 1.3 1.1 Inventories 3,823 1.3% 3,615 1.2% Current Ratio (times) 0.5 0.5 0.6

follow: Unit: Baht On December 31 2018 (verified) 2017 (verified) Assets Current assets Cash and cash equivalents Trade receivables Current portion debtor under restructuring agreement Inventories

Trade accounts receivable 89,880 54,806,594 94,905,150 Unbilled contract work in progress - 20,206,075 13,723,380 Other receivables 589,266 3,501,872 4,067,767 Short-term loans to related party

1,426,552 1,322,005 10,771,134 Trade accounts receivable 89,880 54,806,594 94,905,150 Unbilled contract work in progress - 20,206,075 13,723,380 Other receivables 589,266 3,501,872 4,067,767 Short-term loans

Post-TFRS 15 4Q18 2Q19 2Q18 1Q19 2Q19 Cash 9,067 3.1% 11,198 3.9% Interest-bearing debt to equity (times) 1.8 1.8 1.5 ST investment 2,221 0.8% 1,983 0.7% Net debt to equity (times) 1.7 1.4 1.3 Trade

contributed during the period in the total amount of Baht 2,362.96 million. 4.1.3 Financial lease receivables from related party decreased in the amount of Baht 808.45 million. 4.1.4 Trade accounts receivable

from (1) decreased cash and cash equivalents as the Company repaid loans and invested in property, plant, and equipment for store expansion; (2) reduced trade accounts receivable since the Company

(or -4.3%) from 31 December 2018 primarily from lower trade and other payable of THB 230 million. As of 30 June 2019, the Company had total shareholders’ equity of THB 17,808 million, a decrease of THB