cash flow to ABPIF since September 17, 2019; • Interest expenses on long-term construction payables: At Baht 221 million in 2019 and Baht 92 million in Q4’2019 which is an accretion cost from a

institutions increasing by THB 95 million. Trade and other payables Trade and other payables as of 31 December 2017 and 2016 were THB 1,897 million and THB 1,365 million, respectively, increasing by THB 532

liabilities - Overdraft from financial institutions 18.60 246.74 1,019.50 - Trade and other payables 466.92 1,649.54 1,474.36 - Others 0.13 12.81 0.07 Liability 485.65 1,909.09 2,493.93 Shareholders’ equity

institution for SAAM-SP1 power plant project and land SAAM Energy Development Public Company Limited - 5 - purchase financing for SAAM-3, and trade and other payables. At the end of 2018, total liabilities

and trade payables and other payables dropped. Shareholders’ Equity As of 31 December 2018, the Company held shareholders’ equity of THB 4,982.72 million, increasing 4.10%. The minor increase in

than taxes that paid as a result of operations in 2018. Liabilities Items which has significant changes Annual Balance Changes 2018 2017 2018 VS 2017 (MB) (MB) % Trade and other payables 642.8 1,294.3

million. It results from the increase in inventories, unbilled receivables and trade account payables. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30

, short-term loans and long-term loans from financial institutions, trade account payables and other account payables for working capital and investment in real estate projects, and deposits and advance

account payables and other account payables for working capital and investment in real estate projects, and deposits and advance received from customers. At the present time, there are 14 projects available

equity Short term loans from financial institutions - - 455 23.0% Trade & other payables 327 20.1% 171 8.7% Accrued expenses 91 5.6% 68 3.5% Other current liabilities 16 1.0% 6 0.3% Non-current liabilities