million from long-term loan used for loan repayment and also investment in any project. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 7 Shareholders’ Equity As of 31

December 2016 which was 1,358.96 Million Baht or 2.15% because of 1) the repayment of long term loan from financial institutions, and 2) dividend payment on 25 May 2017 amounting to 25 Million Baht (0.03125

cash equivalents increased from the exercise of rights to convert warrants to ordinary shares for the period, trade and other receivables decreased from repayment from foreign customers, other current

55.7 million and Baht 39 million, respectively. The decrease resulted from loan repayment in 2016. The shareholders’s equity of the Company and the subsidiary as of 31 December 2016 and 30 June 2017 were

. The company has repayment of long term loan 25.9 million baht and Acceptance of capital increase ordinary shares 81.2 million baht. Cash received from short-term loans 95 million baht and paid short

. Criteria: Net tangible Asset Financial Source for Loan Repayment The financial source of the Company to repay GJS’s loan comes from its working capital and/ or new funding from outside source which is

company has repayment of long term loan 43.0 million baht, payments for short-term loans 145 million baht and acceptance of capital increase ordinary shares 81.2 million baht. Unit : Times Date 30 September

the Stock Exchange of Thailand. Criteria : Net tangible Asset of the Company according to the financial statement as of June 30, 2017 Financial Source for Loan Repayment The financial source of the

disclosed to the Stock Exchange of Thailand. Criteria : Net tangible Asset of the Company according to the financial statement as of June 30, 2017 Financial Source for Loan Repayment The financial source of

revenue. up however, such debtors are debtors with normal repayment capability. 2. The Company's total liabilities as of December 31, 2017 and December 31, 2016 were Baht 204.06 million and Baht 2 0 4 . 8 8