million from the balance at the ended of 31 December 2017. This were mainly because the increase in trade and other receivables from sales in this period, the increase in balance of inventories especially

of loss on exchange rate of THB 26.27 million due to the fact that the Thai Baht value appreciated against US Dollar and the Company had the foreign trade receivables about USD 21.31 million

foreign trade receivables about USD 24.11 million. Financial Costs For the year ended 31 December 2019, the Company had financial costs in total of THB 94.72 million, an increase of THB 27.35 million or

factor was 62.7 percent, weakened from 64.5 percent. Passenger yield per RPK was 4.25 Baht, decreased from the second quarter of 2016 by 8.3 percent. Moreover, dividend received from BDMS during the period

Airline Passenger Experience Association), a non-profit membership trade association dedicated to improving the entire airline passenger experience. The APEX Official Airline Ratings™ is based on neutral

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

greatly contracted by trade impacts and the higher For three months For nine months Consolidated financial statement ended 31st December ended 31st December Oct - Dec 2019 Oct - Dec 2018 Change % Change Apr

the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among

requires high spending. Page 5 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 September 2017 31 December 2016 % Change Cash and cash equivalents 37 92 -60% Trade

equivalents has decrease due to paid annual bonus to the employees and management amount of Baht 9.49 million, dividend paid to the shareholders in May 2017 amount Baht 6.79 million, purchase of land in Chiang