million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing

warrants issued 1,711,334,815 units Exercise ratio 1 VGI-W2 to 1 ordinary share of VGI Exercise price THB 10.00 Terms 4 years Exercise period Quarterly Issuance date 11 September 2018 Expiration date 10

, as the result of the Company's operation in compliance to TFRS16. However, it provides no significant effects to Debt to Equity ratio and liability ratio. The Company had total shareholders' equity of

capacity ratio which was enforced since the 1st of April, 2017, leading to lowered supplies. Moreover, Russian refineries’ upgrading capacity since 2016, led to lowered production and export from Russia. In

-Equity ratio was 0.76x, increased from 0.69x at the end of 2018. The Net Interest-bearing Debt-to-Equity ratio was 0.66x at the end of 2Q2019, increased from 0.58x at the end of 2018. The increase was

-Equity ratio was 0.75x, increased from 0.69x at the end of 2018. The Net Interest-bearing Debt-to-Equity ratio was 0.65x at the end of 3Q2019, increased from 0.58x at the end of 2018. The increase was

Equity (Net D/E) Times 0.20 0.29 0.26 Total Debt to Equity (Total D/E) Times 0.50 0.49 0.50 Liquidity ratios Current ratio Times 2.53 2.43 2.35 Quick ratio Times 2.18 1.94 1.92 * Exclude costs of

according to the additional paid up in the capital of GPSC’s associate and in increase in assets, and property plant and equipment (PP&E). Moreover, for the year 2017, GPSC and its subsidiaries had net cash

Ratio Financial Ratio As of December 31, 2019 As of December 31, 2019 Liquidity Ratio (times) 24.87 23.97 Debt to Equity Ratio (times) 0.05 0.04 Return on Equity - ROE (%) 3.79 (1.10) Return on Assets

% Finance cost 35.09 41.36 6.27 17.87% Income tax expenses 37.04 42.24 5.20 14.04% Net profit 139.02 150.12 11.10 7.98% Net profit ratio (ROS) 19.92% 17.25% Earnings per share (Baht) 0.26 0.28 0.02 6.92