million at the end of 2017 to Bt6,114 million as of December 31, 2018; short-term debt increased for working capital, while long-term debt decreased due to increased cash flow from operations and as the

. Liquidity and Capital Sufficiency Analysis of Changes in Capital. As of 31st December 2018, Cash and cash equivalents amounted to 53.35 million baht decreased by 14.01 million baht for the year 2017, which

increased due to increased paid-up capital to Safe Energy Holdings Company Limited, investments in joint ventures increase due to increased paid-up capital to ALP FPI Parts Private Limited, property, plant

1,024.78 659.12 365.66 55.48% Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under common control 20.64

revenue from financial solutions 23.53 17.9% 20.52 15.5% 3. Other income1 2.18 1.7% 3.43 2.6% Total revenues 131.45 100% 132.54 100% 1 Other income consist of interest income, dividend income and gain on

, which was Baht 2,506 million. The change was due to the net profit for the period, the dividend payment to the shareholders of the Company and the subsidiary and the share acquisition of the subsidiary

829.16 659.12 170.04 25.80% Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under common control 20.64

44.76 million baht from prior period. Due to an increased in short-term loan from financial institution in the amount of 50.00 million baht with an objective to pay dividend to shareholders in order to

assets, long-term loans, obligated employee benefit, dividend payable, income tax payable, other current liabilities and liabilities held for discontinued operations 4 Consists of long-term loans

1 Translation CEN 001-2021 March 1, 2021 Subject Management Discussion and Analysis for the year 2020 To The Manager and President The Stock Exchange of Thailand Capital Engineering Network Public