Investment (mai) of the subsidiary in January 2019 amounting to 287.59 Million Baht and total comprehensive income for the period of 69.46 Million Baht, while dividend payment of the Group during 2019 totaling

the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended 31st December (Unit: Time) 2019 2018 Current Ratio 6.27 5.86 Quick Ratio 3.64 2.81 Inventory Turnover 3.22 2.91

total shares in 30 June 2017. As of 30 June 2016, BTS held 7.0% in MACO and together with VGI Global Media Public Company Limited (“VGI”), BTS’s subsidiary, resulting in a total holding of 40.7%. DIVIDEND

investment in COMASS and dividend payment. The decrease was offset by the increase in 1) prepaid expenses of THB 27mn, 2) trade and other receivables of THB 18mn (see Trade and other receivables section), and

deposits received from customers of 3,845 Million Baht, deferred tax liability on gain from JV transaction of 2,205 Million Baht. Total interest bearing debts equaled to 20,336 Million Baht. Shareholders

Baht, debentures (net) of 1,805 Million Baht and advances and deposits received from customers of 3,845 Million Baht, deferred tax liability on gain from JV transaction of 1,856 Million Baht. Total

bonds maturing. • Net cash used in financing activities was used in the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended 31st December (Unit: Time) 2017 2016 Current Ratio

shall be made with right of recourse and without any waiver or limitation of liability of the endorser, or the guarantee shall be given unconditionally for the whole amount of principal and interest, as

with right of recourse and without any waiver or limitation of liability of the endorser, or the guarantee shall be given unconditionally for the whole amount of principal and interest, as the case may

remaining long-term loan to be paid in the end of January 2019 to financial instituition, this resulted to an accounting transaction of long-term loan to be classified as current liability. As a result of