Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

the total Liabilities. Current Liabilities as of year 2018, mainly due to a decrease in accounts payable and other payables. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD

development improvement and equipment, cash and equivalents. More total liabilities which increase at amount Baht 26.85 million or 3.74%, as defaulted liabilities, Trade and other current payable, finance lease

214.64 4 Million Baht (trade payable – third parties decreased of 199.31, other payables decreased by third parties of 14.52 Million Baht, other external parties decreased by 12.70 million baht, pay the

Baht, increased by 43.7 Million Baht or 191.7% compared to the previous year due to reversal of payable to recognize in other income of amount 22.5 Million Baht. Financial Expense Financial expenses

Non-current liability as of December 31, 2019 with amount of 8.82 million baht decrease by 2.02 million bath or 18.66% decrease, as a result of reduction in the payment of hire-purchase payable with the

of the liabilities was from lower of trade accounts payable due to lower prices of raw materials, offset with higher * Note Please find further information in the consolidated financial statements. 5

-term loans from packing credit, letter of credit and trade payable of buying raw material for manufacturing, and accrued income tax. Shareholders’ Equity As at 31 December 2019, shareholders’ equity was

181.25 162.74 18.51 11.37% Current portion of long-term bank borrowings 42.02 45.02 (3.00) (6.66%) Current portion of finance lease liabilities 2.01 1.83 0.18 9.84% Current income tax payable 0.71 - 0.71

million from the ended 31 December 2016, mainly from increased of short term loan from Packing Credit and Trade on Demand, Trade payable increased from purchase inventory to support OEM project and Trading