, nor maintaining financial ratios (Debt Covenant) of financial institutions or bill of exchanges. The Company has current total debt to equity ratio of 0.1 times, and have closely and cautiously manages

business combination (22.9) (22.9) - - Total equity 11,992.8 10,793.0 1,199.8 11.1 Analysis of Financial Position 12 Assets Total assets as at 31 December 2020 and 2019 were Baht 16,429.7 million and Baht

: Actuarial gains (loss) - net of tax 4,273 7,490 -43% 498 (656) 176% Total Comprehensive Income (Loss) for the year (274,206) (2,407,980) 89% (620,591) (1,261,868) 51% Loss for the year attributable to Equity

amount/ total assets of the listed company 14,000*100/605,613 2.31 percent 4 Issuance of securities basis Equity shares issued for the payment of assets/Paid-up shares of the company N/A Summary of

, decreased by THB 756 million due to some of debentures retired, resulting in the interest-bearing debt to equity ratio at 0.4 time, down from 0.5 time as of December 31, 2019 and debt to equity ratio also

) - net of tax - 4,273 -100% - 498 -100% Total Comprehensive Income (Loss) for the year (590,582) (274,206) 115% (358,157) (620,591) -42% Loss for the year attributable to Equity holder of the Company

December 31, 2019. Debt to equity ratio also increased to 1.2 from 0.7 times as of December 31, 2019, accordingly. Yours sincerely, Pongsarn Klongwathanakith (Pongsarn Klongwathanakith) Chief Financial

expected to be completed by October 31, 2017. Further, the Share Acquisition Transaction in such shareholding percentage is agreed on the investment offer of Hero Experience under which the equity required

December 2018, mostly from a decrease in investments in joint ventures and an impact of currency translation due to THB appreciation • Net debt to equity ratio as of 31 March 2019 was 0.51 times, an

due to THB appreciation against EUR and GBP • Net debt to equity ratio as of 30 June 2019 was 0.56x, comparing with 0.55x at the end of last year SIGNIFICANT EVENTS 4 major renovation works of Vienna