of days of inventory = Average inventory / (Cost of sales of goods / Number of days in the period1) Collection period (days) = Average trade account receivables before allowance for doubtful account

% Change Cash and cash equivalents 82 103 (20%) Account receivables 817 700 16.6% Inventories 632 885 (29%) Other current assets 156 175 (11%) Total current assets 1,687 1,864 (9%) Property, plant and

liabilities Number of days of inventory = Average inventory / (Cost of sales of goods / Number of days in the period1) Collection period (days) = Average trade account receivables before allowance for doubtful

related to the branch expansion and (3) an increase in trade and other current receivables related to franchise branch construction work and marketing partnerships with banks, telephone network operators

considered recording the revenue in line with the actual receivables. Other revenue such as rental income and interest income for the year ended 31 December 2019 was 115.8 million baht, an increase of 6.4

million (iii) Goodwill of Baht 2,772.9 million, (iv) Intangible assets of Baht 1,918.2 million and (v) Net Trade and Other Receivables Baht 811.4 million. Liabilities As of 31 December 2019, Total

amount of Baht 700 million. 4.1.3 Financial lease receivables from related party decreased in the amount of Baht 1,954.25 million. Management Discussion and Analysis For the Three-month and Six-month

2016 Total assets were THB 11,432 million, up by THB 1,654 million or 16.9% from THB 9,778 million as of 31 December 2016 due mainly to trade receivables and inventories set to move in response to our

December 2016 due mainly to trade receivables and inventories set to move in response to our growth in business operations. In addition, such increase in total asset also resulted from our investments in

). Unit: THB mn 30-Sep-17 % to total assets 30-Dec-16 % to total assets %Chg Cash and cash equivalents 515 5.3% 870 9.6% -40.8% Short-term investments 446 4.6% 358 4.0% 24.7% Trade and other receivables 459