in intangible assets of Baht 3.15 million, decrease in inventory of Baht 84.57 million, but there were increase in cash and cash in bank of Baht 48.61 million, increase in trade accounts receivable and

inventory of Baht 22.75 million and decrease in trade accounts receivable and other accounts receivable of Baht 86.86 million, but there were increase in cash and cash in bank of Baht 35.38 million, increase

various marketing activities such as by joining Ambiente Trade Fair in Germany, HOFEX in Hong Kong, Food and Hotels Association Singapore Indonesia and Malaysia, AHAR in India, Holetex in China and Makro

prepare for the economic contraction due to the COVID-19 outbreak. The changes also included the decrease in trade receivables and other debtors in the amount of THB 202.38 million and the decrease in

economic slower expansion indicated risk of soften retail trade sector. (Source: BOT Press Release No.56/2019 on Monetary Policy Report and Monetary Policy Committee’s Decision 7/2019) 2 Performance Analysis

million baht 1,247 1,247 1,247 ratios Key financial Liquidity ratios Current ratio times 3.09 3.14 3.31 Quick ratio times 2.35 2.47 2.67 Cash ratio times 0.37 0.45 0.68 Receivable turnover times 4.71 4.67

suppliers and contractors for the same. The ordering of the gear was under process with a lead time of 14 months offered from the supplier. However, with quick actioning of the contingency plan by the

of previous year. This was due to (1) Drop of loss on exchange rate of THB 13.90 million due to the fact that the Thai Baht value depreciated against US Dollar and the Company had the foreign trade

increased from the end of year 2018 by Baht 139.50 million or 4.45 percent, due to net increase in trade accounts receivable and other accounts receivable of Baht 96.86 million, increase in fixed assets of

current assets and other non-current assets of Baht 2.41 million but there were net decrease in trade accounts receivable and other accounts receivable of Baht 0.79 million and decrease in non-current