in inventory stocks in the year 2018 resulted in cash and cash equivalents creasing. - Cash flow from the investment 4.3 MB when compared with the year 2017 decreased 10.2 MB from the fixed assets

215.77 438.37 420.68 -17.69 -4.03 204.91 94.97 Fixed Assets 487.78 744.45 804.30 64.40 8.65 316.52 64.89 Total Assets 703.55 1,182.82 1,224.98 46.71 3.95 521.43 74.11 Current Liabilities 192.45 372.75

Change +/(-) QoQ % YoY % Current Assets 215.77 438.37 420.68 -17.69 -4.03 204.91 94.97 Fixed Assets 487.78 744.45 804.30 64.40 8.65 316.52 64.89 Total Assets 703.55 1,182.82 1,224.98 46.71 3.95 521.43

which came from additional investments in investments in associated companies and fixed assets. Net cash from financing activities was Baht 1,496.09 million mainly from increased short-term debt. As a

investments in fixed deposit with bank. Total liabilities As at 31 December 2019, the Group reported total liabilities at THB 107.5 million, increased by THB 17.0 million or 18.8% when compared to the end of

. While other income of 4th quarter of 2019 slightly decreased 8.23 percent, since the 4th quarter of last year had booked for gained of fixed assets sold. 1.2 Cost of goods sold and expenses Consolidated

gain on sales fixed asset Baht 1.46 million. 4) Selling expenses decreasing from last year amounting of Baht 9.74 million or 12.02% due to local transportation charge decreased Baht 9.53 million. 5) The

effective in 2019. 2.2 The decrease gross profit margin in the remaining portion resulted from the Indirect costs, most of which are fixed costs, were not decreased in the same direction of Sales. Gross

in an amount of 826.20 million Baht. - Short-term loans from financial institutions were 305.00 million Baht, decreased by 509.00 million Baht. - Payable for purchase of fixed assets were 1,319.37

administrative expenses to total revenue was close to the last year and not able to decrease since the Company had mainly the fixed expenses. However, the financial cost has been increasing from the incremental