decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017. Tax Expenses Tax expenses in 2017 and 2016 were 27.90 million and 22.34 million, respectively or

 Repayment of account payable and other payable in accounting period decline of 126.18 million baht Shareholders’ Equity As December 31, 2020 the company has shareholders’ equity of 1,597.65 million baht as

Statements of Financial Position as of June 30, 2020 has changed from December 31, 2019 as follows; Assets (Mill. Baht) Total Liabilities & Shareholders' Equity (Mill. Baht) Cash and cash equivalents Total

) (21.41) Trade and other account payables 21.9 24.14 2.24 10.23 Current portion of long-term borrowings 9.49 14.86 5.37 56.59 Long-term borrowings 18.86 4.00 (14.86) (78.79) Total shareholders' equity

Company managed to effectively control finance expense by repayment of short-term borrowings which had high interest costs such as factoring and promissory notes. Baht Million 2017 2018

78.22%. Moreover, the Company issued the 2-year debenture during this year amounting to THB 400 million. The proceeds were used for repayment of the matured debenture in July 2018. Shareholders’ equity As

of financial institutions and debenture together with minimizing the impacts from full loan guarantee provided to Power Plant business and its high debt resulting in decreasing in debt to equity ratio

lower long term borrowing from debt repayment and lower spectrum payable and lease liability. Interest-bearing debt stood at Bt116,749mn, decreasing by -8.2%. Total equity was at Bt88,278mn, decreasing

loans) decreased Baht 264.63 million due to the repayment of loans to financial institutions. Total Shareholders’ Equity was Baht 1,443.84 million, increased Baht 139.81 million or 10.72%, resulting from

1,269.08 67.86 5.35% Non-controlling interests 34.42 34.95 (0.53) (1.51%) Total Shareholders’ equity 1,371.36 1,304.03 67.33 5.16% Total Liabilities & Shareholders’ equity 3,172.08 4,032.66 (860.58) (21.34