, the interest bearing debt to equity ratio and the debt to equity ratio have increased from 0.49 : 1 to 0.50 : 1 and from 0.69 : 1 to 0.77 : 1 as of 31st December 2017 and 30th June 2018 respectively

Position Analysis Unit : MB As at As at Change 30 June 2020 31 December 2019 MB % Cash and cash equivalents 198.64 61.33 137.31 223.87 Current investment - 136.65 (136.65) (100.00) Inventories 503.42 518.18

increase and debenture issuance result in an appropriate capital structure and financial ratio that could be fairly to peers comparison in the same industry as well as support the investment in current and

Million Baht were increased 173 Million Baht compare with at the end of December 31, 2018 respectively. Increasing of the total assets from current investment and trade receivables. Assets decreasing from

for warranty 3.18 0.48% 5.31 0.70% 2.08 0.44% 2.05 0.42% Obligation under finance lease 1.69 0.25% 0.75 0.10% - 0.00% - 0.00% Total Current Liabilities 368.22 55.10% 419.88 55.72% 243.80 52.05% 285.67

of short- term borrowings from financial institutions by using money gained from trading of its ordinary shares in the MAI stock exchange. • Other current assets decreased by Baht 19.58 million. This

Company, therefore, the interesting bearing debt to equity ratio and the debt to equity ratio of shareholders do not exceed 1:1 which is in compliance with the Company’s policy. The financial costs are also

& Shareholders’ Equity Current assets have decreased largely due to reduced inventory predominantly fuel as it is used in production. Non-current assets have decreased in line with depreciation with no major

31% as compared to the same period last year of 260 million Baht. This was due to continuous effort in debt repayment in forms of Bill of Exchange, debentures and financial institution loans. The

) Asset 6,425,974.15 Debt 156,505.68 Equity 6,269,468.47 Revenue 11,441.97 Expense 741,973.47 Net Loss 730,531.53 4. Type of transaction To engage in land rental agreement, is considered to fit under the