in liabilities was mainly drawing of the short term fund from financial institution to settle the trade payable. 2.3 Shareholders’ equity As at 30th Sept 2017 and 31st March 2017, shareholders’ equity

are follows;- 2.2.1 Account payable and others account payable was of Bt230.7 million 2.2.2 Long term loan from banks, which are due within one year, was of Bt480.9 million which were belonged to BAFS

partially offset by 1) a decrease in trade and other payables of THB 162mn owing to the payment on investment purchase of Multi Sign and COMASS, 2) a decrease in dividend payable of subsidiaries of THB 21mn

5.23 Average collection period days 76 77 69 Inventory turnover times 4.90 5.13 5.96 Average inventory turnover period days 73 70 60 Account payable turnover times 5.22 5.00 5.70 Average payment period

in account payable of THB 260 million since this quarter the company was not required to keep additional raw materials volume while in December 2018, the company was required to reserve for production

recognition of contract assets amounting to Bt1,639mn following TFRS 15 adoption since Jan-19 (see Note 2). Total liabilities were Bt239,865mn increasing 3.0% QoQ from dividend payable recognized in 1Q19 and

term loan (bridging loan) from financial institution used for acquiring ECC offset with decrease in trade account payable and other payable. • Non-Current Liabilities slightly decreased by THB 74 million

Short term loans from banks 72.77 3.20% 92.25 3.93% Account payables, trade and others 451.29 19.81% 516.82 22.03% Income tax payable 28.56 1.25% 20.12 0.86% Other current liabilities 8.69 0.38% 8.56 0.37

, dividend paid of THB 531mn3 and cash paid to settle payable from purchase of investment in Multi Sign of THB 220mn FINANCIAL RATIOS Profitability Ratios 2016/17 (Restated) 2017/18 Liquidity Ratios 31-Mar-17

THB 47mn, 3) corporate income tax payable of THB 40mn and 4) advances received from cardholders THB 17mn. However, the increase was partially offset by a decrease in 5) accrued expenses of THB 77mn