interest rate after the project’s commercial operation commencement. Administrative Expenses For the first six months of 2020, the Company and its subsidiaries had administrative expenses of Baht 1,042.03
other payables to major suppliers of machine. Total interest-bearing debt was amounted to THB 4,863 million, an increase of THB 122 million, representing an interest-bearing debt to equity ratio of 0.61
-to-equity ratio of 2.97 times and the interest-bearing debt to equity ratio of 2.61 times. Forward Looking The Company's operation has been continuing to set goals for the sustainability of the
review to support our management towards better credit management standards. Market Risk Management Market risk may arise from changes in interest rate, foreign exchange, equity and commodity prices, as
net loss of Bt129mn in 1Q18. The gain was incurred from partially-hedge CAPEX payables following currency fluctuation. Finance cost was Bt1,290mn decreasing 2.6% YoY from lower interest-bearing debt and
instruments where applicable. Finance cost was Bt1,320mn, decreasing -4.8% YoY and -3.4% QoQ from lower interest-bearing debt. The average cost of borrowing remained stable at 2.6% per year. Profit In 1Q22
end of 2021 mainly from the Bt12,610mn dividend payable in 1Q22. Interest-bearing debt stood at Bt95,692mn, increased by 9% from an increase in short-term loans. Net debt to EBITDA (excluding lease
components of equity according to new financial reporting standards –TFRS9. • As a result of the foregoing, net interest-bearing debt to equity ratio increased from 1.0 times as of December 31, 2019 to 1.1