recorded in 2018. หนา้ 10 4.2.2 Liabilities and Shareholder’s Equity Consolidated Unit: Baht million 2019 2019 Change (% yoy) Liabilities Debt issued and borrowing 75,687.52 57,709.28 31.15 Accrued interest

Retained earnings (deficit) (21.35) (6.06) (0.60) Total shareholders'equity 78.65 93.94 99.40 Total liabilities andshareholders' equity 291.92 218.28 157.67 Income Statement of GS 2016 2015 2014 Revenue from

investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs During 2017, the Company reported the record-high net profit of THB 3,266.4 mm, which increased

, up by THB 572 million or 81.1% on the back of the rising individual sales in each of CLMV country, particularly by the record high of monthly sales to Cambodia in March 2018 and the all-time-high

(MPC), Bank of Thailand, had cut the policy rate 3 times, from 1.75% p.a. down to 1.00% p.a. in February 2020. This is the lowest record, lower than the rate during 2009 following the Hamburger crisis

venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to which the Company receives a share of profit or loss from the

Company to acquire total shares of 20,000,000 of Fung Keong Rubber Manufactory (Malaya) Sdn Bhd (“FKRMM”) from Consistent Record Sdn Bhd MYR which accounted for 100% of total paid-up capital of FKRMM

of net proceed from base offering in July and over-allotment proceed in August. This proceed would allow us to enhance our capital structure reflecting in net-interest- bearing debt to equity ratio as

cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record