of THB 607 million or 68.48% increased from December 31, 2016. The consolidated interest-bearing liabilities as at June 30, 2017 were THB 3,493 million, decreased from December 31, 2016 in amount of

million based on loans from financial institutions. Our interest-bearing debt therefore amounted to THB 2,145 million or equivalent to the ratio of interest-bearing debts to total equity of 0.31 times, up

December 2016 due mainly to trade payables and other payables. We also made additional utilization of THB 1,145 million based on loans from financial institutions. Our interest-bearing debt therefore

million as of 31 December 2016 due mainly to trade payables and other payables. We also made additional utilization of THB 2,512 million based on loans from financial institutions. Our interest- bearing

Return on equity(%) 11.3 5.5 Debt to equity(x) 0.5 0.3 Interest bearing debt to equity(x) 0.3 0.2 Interest bearing debt to EBITDA(x) 1.8 2.1

to equity ratio) (5) อัตราส่วนสภาพคล่อง (current ratio) (6) อัตราส่วนตั๋วเงินจ่ายต่อหนี้สินที่มีภาระดอกเบี้ย (B/E size to interest bearing debt ratio) (7) อัตราส่วนหนี้สินที่มีภาระดอกเบี้ยที่ครบก าหนด

Company and its subsidiaries was THB 1,314.36 million, increased in amount of THB 170.95 million or 14.95% increased from December 31, 2018. The consolidated interest-bearing liabilities as at March 31

, increased in amount of THB 170.25 million or 14.89% increased from December 31, 2018. The consolidated interest- bearing liabilities as at June 30, 2019 were THB 3,351. 40 million, decreased from December 31

PCL 2Q 2019 - MD&A (for three-month period ended 30 June 2019) 7 U CITY PCL CAPITAL STRUCTURE As of 30 June 2019, U City’s total interest-bearing debt was THB 19,165mn, a decrease of 6% or THB 1,180mn

0.75x as of 31 December 2018 because decreases in inventories were more than current liabilities that the Company repaid to loans from financial institutions. Interest-bearing debt to equity ratio