for doubtful accounts (54) (55) Trade account receivables - net 1,289 2,400 As at 30 September 2019 and 31 December 2018, the Group had the allowance for doubtful accounts, amounting to Baht 54 million

represented 10.6% YOY while non-durable goods, in which high proportion of low to medium-income household expenditure, growth only 0.0% YOY since partly owing to household debt that was still elevated at 78% to

baht and intense competition. Transaction For the Year ended 31st December Unit 2018 2017 Gross Profit Ratio % 14.58 15.60 Earnings Ratio % 3.15 4.88 Debt to Equity Ratio Time 0.27 0.29 Return on Equity

doubtful accounts 113,094 Total allowance for doubtful accounts from loan classification 167,766 Add Revaluation allowance for debt restructuring 6,510 Total allowance for doubtful accounts 174,276 V2 27/08

reduced down to 0.81%. However, substance macroeconomic challenge is remained as the level of household debt (seasonal adjusted) continued to increase from 90.7% in the 1Q/2023 to 91.4% in 1Q/2024. For the

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In 2019, distribution costs, administrative expenses, and doubtful debt expenses was 1,390 MTHB, increased by

sales from lower EDC purchase plus greater ECH sales from the additional volume to China, Taiwan and Indian accounts. The share of domestic and export sales have no significant change comparing to the

or ROA 16 (%) 8.32 10.56 10.43 Return on Fixed Assets 17 (%) 23.25 25.92 25.51 Total Assets Turnover 18 (times) 1.16 1.09 1.03 Leverage Ratio Debt/Equity Ratio 19 (times) 0.59 0.50 0.43 Net Debt to

seller agrees to proceed for the Nation University to repay for the last installment of the debt within 31 January 2019. 2. Involved Parties and Relationships between the Parties Shares Purchase Agreement