is the increase in inventory, particularly fuel, which saw an increase of 53mTHB and the absence of a one-shot impact of a 60mTHB tax payable in 1Q 2018. If both of these are removed the operational

10.31425 billion THB, increasing 10.46% and 24.04% from 2018 respectively. The financial liquidity has efficiently been managed, therefore, the interest bearing debt to equity ratio and the debt to equity

of financial institutions and debenture together with minimizing the impacts from full loan guarantee provided to Power Plant business and its high debt resulting in decreasing in debt to equity ratio

, as the case may be, being offered for investment. The liability for certification of the accuracy and completeness of information contained in this registration statement is vested in the securities

revenue from sales / Number of days in the period 1 ) Accounts payable days = Ending account payables / (Cost of sales of goods / Number of days in the period 1 ) Leverage Ratios Debt to equity (times

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

the above reasons, the interest bearing debt to equity ratio and the debt to equity ratio have decreased from 0.49 : 1 to 0.41 : 1 and from 0.69 : 1 to 0.64 : 1 as of 31st December 2017 and 31st

. -Increased revenue from sales of machinery equipment and engineering services realized via deliveries in the 1st and 2nd quarter of 2017. -Decreased financial expenses due to further debt reduction and

exchange rate by adopting a quicker and higher debt pay- off ratio. T/R payable slightly increased. Trade account payables and other payables decreased. The decrease in Shareholders' equity was from dividend

before interest payable, tax, and depreciation (EBITDA) pursuant to the Financial Statements in the amount of THB 995 million, which is increased by 4.8 percent because in the Quarter 4 of 2017, the