debt in amount of THB 12,183.7 million. Furthermore, the Company obtained additional loan from financial institutions for Project Crossroads Phase 1 development costs leading to the increase of IBD/E

. In 2019, the Company withdrew additional loans from financial institutions for the development of the Project Crossroads Phase 1, resulting in the ratio of net interest- bearing liabilities to

, short-term investments, trade receivables and other receivables and inventories and property, plant and equipment. Cash spent and repayments of loans from financial institutions mainly contributed to the

THB. The main reason is that the loan from financial institutions for project development and business operation increased 2.39055 billion THB or 45.53% i.e. from 5.25046 billion THB to 7.64101 billion

growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial Institutions Policy Committee announce to decrease the policy rate to 1.25% per year that

THB. It is mainly because the loan from financial institutions for project development and operation increase 956.73 million THB or 12.52% i.e. from 7.64102 billion THB to 8.59775 billion THB. As a

Non-current liabilities Long-term borrowings from financial institutions 1,522 - (22) - 1,500 1,906 (23) - 1,883 Lease liabilities - - 2,692 - 2,692 - 2,859 - 2,859 Deferred income tax liabilities 218

from financial institutions increased as the company borrowed for the payment in purchasing ordinary shares of the Thai Marble Corp., Ltd. Shareholder equity was not significantly different from 2019

well-prepared, and ready to fine-tune business strategies in a timely manner to remain competitive. 4. Regulatory Risk Given that commercial banks are deposit-taking institutions which play a vital role

trade and other payables of THB 171mn, being partially offset by, predominantly (iii) a decrease in current and non-current portion of long-term loans from financial institutions of THB 1,902mn, (iv) a