assets amounted of 57,355.9 million baht, decreased by 4,551.8 million baht. Unit: million baht As at March 31, 2020 As at December 31, 2019 Variance Current assets Cash & cash equivalents 4,545.1 5,273.1

FINANCIAL POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2017 31 MARCH 2018 (THB mn) % out of total assets (THB mn) % out of total assets Cash & cash equivalents and Current investments 203 10.1% 268

decrease of 1.6% yoy Financial Position Assets As of 31 March 2018, the company reported total assets of THB 10,230 million, an increase of THB 252 million or 2.5% from 31 December 2017. • Current assets

737 12.4% Inventories 546 512 6.7% Other current assets 134 141 (5%) Total current assets 1,608 1,508 6.6% Property, plant and equipment 1,811 1,983 (9%) Goodwill 51 48 6.2% Investments in joint venture

2016 Current Ratio Times 1.91 2.12 Quick Ratio Times 0.50 0.50 Average Collection Period Days 33 37 Inventory Days Days 139 182 Accounts Payable Days Days 43 46 Cash Cycle Days 129 173 Leverage

consumer sentiment worsened. As in the previous quarter, in Q4 the main lime consuming sectors of the industry were impacted by the macro economy. However, despite the current challenges in the economy

POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2018 31 MARCH 2019 (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and Current investments 653 15.9% 797 18.2% Trade & other

current investments 203 10.0% 1,073 29.2% Trade and other receivables 345 17.0% 632 17.2% Building and equipment and investment properties 506 25.0% 618 16.8% Goodwill and Intangible assets 726 35.8% 1,005

Group”), MACO can fully leverage Trans.Ad Group’s capabilities to support changing media consumption behaviour and facilitate digitalisation of our media. Moreover, we continue to invest our resources in

Current assets have increased largely due to additional inventory predominantly fuel. Non-current assets have decreased in line with depreciation with no major investments planned in 2019 other than