used as tax benefit. In December 2019, The Company issue secured debenture in the amount of THB 300 million to be repaid the previous debenture which will be due in January caused an increasing in Cash

flow from operations and as the Company repaid the long-term loan in advance. As of March 31, 2018, Net Interest-bearing Debt to Equity improved from 0.31 to 0.25 times as a result of lower debts and

continuously repaid the loan cause this expense reduced. 6. Share of profit (loss) from investment in associated company In Q1/2018, Share of profit (loss) from investment in associated company was Baht 12.72

88.09 million or 61.38%. This is because the Company repaid majority of short-term loan and debenture. As a result, the financing cost was reduced. As 30 September 2019, the Company debt to equity ratio

within one year. On November 21,2019 the company has repaid the loan of 40 million baht by withdrawing the mortgage of 5 plots of land (in the process of withdrawing the mortgage) resulting in an

net offering of THB 7,351.6 million (after deduction of related fees and expenses). In addition, the Company had repaid loans from the related parties, which was utilized in the acquisition of the

operations and as the Company repaid the long-term loan in advance. As of 30 June 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.37 times as a result of lower debts and higher equity

2016 to Bt6,909 million as of September 30, 2017; short-term debt as well as the long term loan decreased due to increased cash flow from operations and as the Company repaid the long-term loan in

Company has repaid the loan since late last year until this year as well as refinancing of the loan with lower financial cost.  Completion of WHAUP’s listing to Stock Exchange of Thailand (SET) by Initial

. Liabilities As of 31 December 2017, the Company saw total liabilities of 224.52 million baht, decreasing by 223.95 million baht or 49.94% year-on-year as the Company repaid long-term loans to financial