gain more revenue from these new distribution channels and also resulted to more efficient cost of sales management. However, the company had increasing financial costs from short-term loans from other

% compared to total liabilities as at 31 December 2016, mainly from increasing in current portion of long-term loans. Total shareholders’ equity as at 30 September 2017 was Bt1,213mn, increasing 2.5% compared

Change MB % MB % MB % Cash and cash equivalents 111.0 2.7% 513.4 9.8% 402.4 362.4% Current portion of loans receivable from purchase 427.1 10.3% 498.7 9.5% 71.6 16.8% Other Current Assets 378.8 9.1% 159.2

% Analysis of Financial Statement of Position As of 31 Dec 16 As of 31 Dec 17 Change MB % MB % MB % Cash and cash equivalents 111.0 2.7% 513.4 9.8% 402.4 362.4% Current portion of loans receivable from

loans from the bank for use as working capital in the Group of 59.18 Million Baht. However, the Group’s has repayment all short-term loans in January 2019. - Trade and other payables amounted to 286.57

loans from commercial banks. Tax Expenses Income tax expense decreased from THB 5.5 Mn in the three months ending 31 March 2018 to THB 1.0 Mn in the same period of 2019, a decrease of THB 4.5 Mn or 81.8

Baht 10.17 million increased from Baht 5.30 million for the first quarter of the year 2018 of Baht 4.87 million or 91.9% due to the interest income from short-term loans to related party of Baht 3.23

% compared to 31 December 2018. Total liabilities at the end of Q1-2019 consist of; - As at 31 March 2019, the Group doesn’t have Short-term loans from the bank. Due to, repayment all short- term loans amount

–18 Q2–19 VS Q4–18 (MB) (MB) (MB) Short-term loans from financial institutions 300.0 - 300.0 100.0 Trade and Other Payables 1,257.1 642.8 614.3 95.6 Income tax payable 17.7 - 17.7 100.0 Advanced

loans from financial institutions, trade and other payables and long-term loans from financial institutions. The increase in our total liabilities as at March 31, 2018 mainly attributable to increase in