liquidity ratio was 1.35 times. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.09 times. 2019 Outlook 2018 was the final

segment, which allows customers to use their credit line to invest in order to gain returns on their property holdings, while the approved credit limit is based on discounted loan-to-value ratio. Being

company has high cash and current investments from IPO proceeds. As a result, debt to equity ratio drop to 0.28 times. Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27

Company had gain from the creditor waived the debt amounted to THB 622 million after the Company had repaid some partial of debt. Therefore, if it excluded this special transaction in last year quarter

December 2018, the Company’s total liabilities amounted 14,260 million baht, increased 5.3% from 2017 and close to 2016. Debt to Equity ratio of 0.42 times in 2018 and 2017, dropped from 0.45 in 2016, the

decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low

(IPO), including with cash received after deducted directly attributable expenses of IPO, the Group has total equity of 467.41 Million Baht lead Debt to Equity ratio (D/E) as of 31 March 2019 was 1.70

, the interest bearing debt to equity ratio and the debt to equity ratio have increased from 0.49 : 1 to 0.50 : 1 and from 0.69 : 1 to 0.77 : 1 as of 31st December 2017 and 30th June 2018 respectively

loans, real estate development loans and housing loans while hire purchase loans declined slightly from the end of 2018. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 1Q19

significant changes and developments: describe changes of person who has duties concerning REIT management e.g. change of REIT manager, trustee, or property manager; 2.3 REIT management structure: demonstrate