on Assets (%) 4.78 3.95 6.33 Return on Fixed Assets (%) 36.41 30.95 36.84 Asset Turnover (Times) 1.04 1.11 1.07 FINANCIAL POLICY RATIO Debt to Equity Ratio (Times) 0.26 0.27 0.27 Interest Coverage

power plant. Moreover, The Philippines set target renewable energy generation of 15,000 megawatts and 20,000 megawatts by 2030 and 2040 respectively, which emphasis on power generation from hydropower

property, plant and equipment (PP&E), THB 2,590 million (15.31% of total assets), in investments in associated companies, THB 487 million (2.88% of total assets) in grandparent chicken and parent chicken and

investment amounted to THB 3,890 million; with total liabilities of THB 3,528 million; and total equities of THB 9,265 million. In this regard, the company remains strong in a financial position with low debt

) (17.72%) Investment properties 22.05 22.28 (0.23) (1.03%) Property, plant and equipment 551.36 564.97 (13.61) (2.41%) Goodwill 19.38 19.38 - 0.00% Intangible assets 14.22 13.68 0.54 3.95% Deferred income

) Property, plant and equipment 366.10 357.14 8.96 2.51 Intangible assets 11.88 11.65 0.23 1.97 Retention receivables 31.93 37.25 (5.32) (14.27) Withholding tax deducted at source 66.61 61.31 5.30 8.65

restricted bank deposits 23.32 37.35 (14.03) (37.56%) Investments in subsidiaries 2.17 0.00 2.17 100.00% Investment properties 21.81 22.28 (0.47) (2.11%) Property, plant and equipment 560.50 564.97 (4.47

12.09 13.16 (1.07) (8.10) Total current assets 833.48 805.17 28.31 3.52 Non-current assets Restricted deposit at financial institution 25.53 32.95 (7.42) (22.51) Property, plant and equipment 552.29

Board No. TorChor. 21/2551 Re: Rules on Connected Transactions Ferrum Energy Co., Ltd. (“Ferrum Energy”) shall invest in power plant project with the investment value of Baht 50.00 million. Ferrum Energy

August 9, 2017 Re: Clarification on Extension of the Completion of the Acquisition of Shares in the Biogas Power Plant Project of Aukkarawat Plant Renewable Energies Co., Ltd. (the “Project”) To: President