investments of THB 1,379mn (treasury operations) Predominantly for other reasons: (ix) an increase in trade and other receivables of THB 170mn, chiefly from a Thai hotel and the EBT of UE, being partially

receivables from related party decreased in the amount of Baht 3,554.68 million. 3.1.6 Trade accounts receivable from related parties of Ratchaburi Electricity Generating Company Limited, a subsidiary

31-Dec-19 vs 31-Dec-18 Assets Cash and current investments 10,454 5,713 83% Trade accounts receivable 34,305 37,637 (9)% Inventories 62,165 70,085 (11)% Other current assets 11,833 10,850 9% Total

g e | 10 2020 Outlook 2020 definitely a very challenge year for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade

for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade underpinned by US trade policies, as well as the continued

% 30,557 8.2% Interest-bearing debt to equity (times) 1.8 1.4 1.5 ST investment 1,989 0.7% 1,845 0.5% Net debt to equity (times) 1.4 1.0 1.0 Trade receivable 16,277 5.6% 16,310 4.4% Net debt to EBITDA (times

9,067 3.1% 11,281 4.0% Interest-bearing debt to equity (times) 2.2 1.5 1.6 ST investment 2,221 0.8% 1,938 0.7% Net debt to equity (times) 2.0 1.3 1.4 Trade receivable 16,361 5.6% 17,198 6.1% Net debt to

expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism

energy, acquire and trade for all biomass plant, and biomass processing plant. Established Date : September 10, 2018 Registered Address : 8/6 Soi Pattanakarn 30, Pattanakarn Rd., Suanluang, Suanluang

Dang” in the major trade area of THB 58 million, a decrease of THB 4 million or 6.1%, (2) media advertising costs in various forms of THB 42 million, down by THB 26 million or 38.0%, and (3) the