overdrafts by THB 178mn and (iii) a reduction in trade and other payables of THB 150mn. Total equity as at 31 March 2018 amounted to THB 29,475mn, growing by THB 11,680mn or 65.6%. This was mostly from (i) an
strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816
) (37.97) Profit for Equity holders of the Company 30.84 41.79 19.18 26.11 (11.66) (37.81) Profit for Non-controlling interests of the subsidiaries - - (0.05) (0.07) (0.05) n.a. Revenue Revenues from
homebuyers, reduction of ownership transfer fee and mortgage registration fee to 0.01%, housing loan measures of the Government Housing Bank and financial support for down payment. Such measures gradually help
cost reduction initiatives. Although, some variable cost returned after re-opening such as utilities, outsource services upon scale of business operations. Nonetheless, unnecessary expenses at
benefit of Bt309mn, covering January 2017 to September 2017. 3. End of May 2017, the NBTC announced a USO rate reduction from 3.75% of revenue down to 2.5%. In 3Q17, the full-quarter impact of the rate
• Debt to Equity ratio2 stood at 0.80 times as of 30 September 2019, decreased from 0.94 times as at end of 2018 Changes in accounting policy and reclassification in 3Q19, during the 3-month and 9-month
liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019
the recovery in tourism-related activities. Furthermore, the competitive environment was improved led by the price restructuring in the market with a gradual reduction of unlimited data offering