assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets Liabilities and shareholders’ equity (Unit:Baht) Consolidated The Company only ( 20..) ( 20..) (20..) (20

receivables 8. Others derivatives assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets (Translation) -4- Liabilities and shareholders’ equity (Unit:Baht) Consolidated The

business receivables 8. Others derivatives assets 9. Property, plant and equipment 10. Intangible assets 11. Other assets Total assets (Translation) -4- Liabilities and shareholders’ equity (Unit:Baht

tons, a growth of 1,700 metric tons or 5.20% up from 2018 mostly from increasing in export volume of fresh frozen chicken products to China. GFPT Public Company Limited Management Discussion and Analysis

29.0% 517 25.7% Shareholders’ equity 1,159 71.0% 1,494 74.3% Total liabilities and equity 1,631 100.0% 2,011 100.0% Total liabilities were THB 517mn, increasing by 9.4% or THB 44mn from THB 473mn as of

2019, the company had cost of sale of 93.54 million bath compare to 92.40 million baht last year with the increasing of 1.14 million bath or 1.23% increased, while sale revenue decrease by 0.71% results

revenue compare to 2.96 million baht or 2.73% from sale revenue with is 0.03 million baht or 1.01% increased came from the company has increase sale persons to focus in increasing Flexible packaging markets

vehicle segment expanded by 13.0% and 12.9% yoy respectively with growth stemming from the increase in consumer confidence from the improvement in both farm income and non-farm income. In the equity market

net profit. For the liquidity analysis, current ratio decreased to 0.37 times because of decreasing in cash on hand and increasing in payable for purchase of fixed assets. Debt to equity ratio was at

Asset (ROA) reached 5.78% compared to the same period of the year 2018, the increasing in net profit. For the liquidity analysis, current ratio improved to 0.47 times. Debt to equity ratio was at 0.84