of the previous year. The main factor was a reduction in account payables and overdrawn amount. The Company’s equity as of June 30, 2018 was Baht 557.13 million which increased by Baht 5.07 million or

and short-term loans from banks 757 704 52 7% Trade and other payables 135 83 53 64% Other current liabilities 32 18 14 79% Total shareholders’ equity 9,198 8,355 843 10% • Increase in total assets of

assets Customer relationship 39,993 Others 36,643 Deferred tax assets 12,583 Other non-current assets Prepaid for land 75,847 Others 32,680 Short-term borrowings (175,000) Trade and other current payables

- Inventory 59.27 59.17 65.75 - Building and equipment maintenance 31.82 41.55 52.70 ▪ Total liabilities 34.40 25.13 23.90 - Trade account payable 19.41 14.82 15.59 - Other payables 13.52 9.01 6.43

liabilities were represented at THB 110.0 million, increased by THB 19.5 million or 21.6% when compared to the end of the prior year. It increased mainly from trade and other payables and provision for long

due to resumption of own operations. • Other payables and accrued expenses decreased by Baht 789 million mainly due to Compromise Agreement signed by the Company with a Creditor and the reclassification

December 2019. Current liabilities decreased Baht 13,408 million due to:  Other payables and accrued expenses decreased by Baht 6,012 million mainly from the debt to equity conversion program and reclassify

(as of 31 December 2019). This was mainly due to an increase in short-term loans from financial institutions by Baht 1,700 million and an increase in lease payables by Baht 908 million.  Shareholders

million after repayment and a reduction of account payables of Baht 14.14 million due to a reduction of the cost of construction. The debt to equity ratio of the 1st quarter was equivalent to -9.36 times

) million, which mainly comes from the repayment of long-term borrowing in the solar energy business. • Trade and other payables decreased by Baht (10) million because of decrease in Trade accounts payable