impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in

outflow for PPE and interim dividend pay out in Feb’19. Current investment decreased by THB 904 million due to the shift from short-term to long-term investments (see more details in notes to financial

repayment of financial lease of Baht 3.82 million. (2.7) Financial Ratios Financial Ratios As at June 30, 2019 As at December 31, 2018 Current Ratio (Times) 1.67 1.48 Quick Ratio (Times) 0.80 0.65 Cash flow

December 31, 2018 Current Ratio (Times) 1.51 1.48 Quick Ratio (Times) 0.61 0.65 Cash flow Liquidity Ratio (Times) 0.70 0.54 Account Receivable Turnover Ratio (Times) 9.69 8.58 Average Collection Period (Days

Rd., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th Assets and Liabilities Unit: Million Baht Q1/19 Q4/19 Q1/20 YoY QoQ Consolidated Statement Current

cash equivalents increased by THB 820.1 million driven by cash generated from operations (see cash flow analysis) and other assets increased due to acquisition of leasehold rights of THB 312.1 million

, but no impact to Cash Flow due to its non-cash item. Compared to the same period last year, the Company recognized tax expense of Baht 51 million in Q3’2017-2018 from the food business restructuring and

'(U05FGH (Current Ratio) %898 OE' GFH Q2 6+89'+H%89 F '1E' OE'GIF 14 + X&(1\4IJKG&'%89 6 OE''1'%89 30 (H5 2560 %1EH'8E 'G H&%89 +1+&H8 OE''1E' L1%M 1H 16H'%&'($15FXF' H%&' (CAPEX) 6H'%&'&'68'' $6

performance or liquidity, under TFRS, and should not be considered alternatives to net profit (loss) or any other performance measure or as an alternative to cash flow from operating activities. Since there are

year was from 6.98 times to 7.15 times because the Company had current debts which were accounts payable and other payables decreased from the same period of previous year. Receivable Turnover decreased