LIABILITIES AND EQUITY BREAKDOWN 31 MARCH 2017 31 MARCH 2018 (Restated) (THB mn) % out of total (THB mn) % out of total Short term loans 778 9.7% 230 2.4% Trade & other payables 536 6.7% 285 3.0% Accrued

the total liabilities as of 31 December 2017. • Current Liabilities increased by THB 86 million due to an increase of THB 269 million in short-term loans from financial institutions. Trade Payables and

Long-term loans from financial institutions 5,412.6 5,951.4 (538.8) (9.1) Debentures 1,437.9 1,476.5 (38.6) (2.6) Trade and other payables 307.6 412.1 (104.5) (25.4) Other liabilities 109.6 106.1 3.5 3.3

payables and other trade payables decreased Baht 19 million and income tax payables decreased Baht 9 million. Page 9 of 11  Non-current liabilities decreased from the prior year at Baht 21 million or

31 March 2020 31 December 2019 % Increase (Decrease) Liabilities and equity Current liabilities Trade accounts payable 395 333 (19%) Other payables and accrued expenses 353 340 (4%) Advance from

Basecamp Brews Ltd. As of 31 March 2020, the Company had total liabilities of THB 9,510 million, an increase of THB 3,209 million (or +50.9%) from 31 December 2019 primarily from higher payables from the

million. Q4/2018, the Company and its subsidiary had independent specialist to evaluate and reclassified employee benefit payables as well as recognised actuarial loss Baht 0.44 million deductible deferred

(71.5) (33.3) Long-term loans from financial institutions 4,850.8 4,539.1 311.7 6.9 Trade and other payables 420.3 327.8 92.5 28.2 Leases liabilities (net) 30.8 26.6 4.2 15.8 Deferred tax liabilities (net

payables 476.6 327.8 148.8 45.4 Leases liabilities (net) 31.0 26.6 4.4 16.5 Deferred tax liabilities (net) 230.5 168.2 62.3 37.0 Derivative liabilities 14.5 - 14.5 N.A.(>100) Other liabilities 81.6 95.5

20,071.1 18,740.2 1,330.9 7.1 Short-term loans from financial institutions 396.2 214.5 181.7 84.7 Long-term loans from financial institutions 4,645.2 4,539.1 106.1 2.3 Trade and other payables 508.7 327.8