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

of the amount to Non- current liabilities. • Short-term loan from financial institution decreased by Baht 213 million due to repayment of the debt by the Company as per the Debt Settlement Agreement

1,436,206 tons in 2018. The huge increase was came from tolling activity that the Company hired G Steel Plc to produce HRC during G Steel has been in the debt restructuring process and try to obtain new

812,113 tons in 2017 to be 1,447,472 tons in 2018. The huge increase was came from tolling activity that the Company hired G Steel Plc to produce HRC during G Steel has been in the debt restructuring

30, 2018 of Baht 114.87 million increase from December 31, 2017 to Baht 24.31 million or 26.84% , the details of the change are as follow : 2.1 Current liability as at September 30, 2018 amount of Baht

assets (%) 12.2% 9.6% Liability to equity (times) 1.6 0.6 Return on fixed assets (%) 75.8% 75.2% Debt to equity (times) 1.0 0.3 Assets turnover (times) 0.5 0.5 Remark: - Financial ratios were calculated

current situation. BAC reduced 30 per cent of total employee BFS Ground reduced 70 per cent of total employee and BFS Cargo reduced 15 per cent of total employee. Management’s Discussion and Analysis

to THB 18,459 million which decreased from the year ended 2017 by THB 1,087 million. From the total assets divided into the current assets amounted to THB 3,849 million, decreased by 12% from the year

Financial Position (Unit: Million Baht) Details 30 Sep 2019 31 Dec 2018 Increased (Decreased) % Assets Current assets Cash and cash equivalents 1.71 35.22 (33.51) (95.14) Trade and other receivables 269.21

& equipment (PP&E) 1,597 1,563 (2%) Other non-current assets 26,672 41,091 54% Total non-current assets 153,555 192,103 25% Total assets 169,933 219,409 29% Current liabilities Interest-bearing debt - 1 year