loss on exchange rate from trade payable. FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE

, current investments decreased in the amount of Baht 2,632.63 million. 4.1.3 Trade accounts receivable from related parties of Ratchaburi Electricity Generating Company, Limited, a subsidiary, increased in

decrease from 0.72x as of 31 December 2018 because decreases in inventories were greater than current liabilities that the Company repaid loans from financial institutions. Interest-bearing debt to equity

Period (days) 28.10 29.44 Debt to Equity (times) 1.04 0.95 Return on Assets (%) 12.39 13.55 Return on Equity (%) 18.39 19.80 As of 31 March 2020, the Company had total assets of 14,874.43 million baht, an

Company emphasis on efficiently control production yield. Also, the Company has considered to write-off short-term debt that loans to a subsidiary (AIL) of 8.50 million Baht since AIL has continuously

, mainly due to an increase in trade accounts receivable in the amount of 305. 9 million baht as the result of patient base expansion for private insurance patients and corporate contracts patients

and has registered as an oil trader under Section 7 of the Fuel Trade Act B.E. 2543 since the September 9, 2020. However, the Company aware of the price fluctuation risks, has set the policy determined

Profit Margin are calculated from Total Revenue 1 Financial PerformanceExecutive Summary Significant Events Management Discussion & Analysis Q4/2022 Source : Trade Policy and Strategy Office (TPSO) 44.6

Analysis for the year 2022 5 For the Q4 2022, the Company’s total assets increased by Baht 2,746.5 million, largely attributable to increase of trade account receivables and inventories, in line with higher

through Modern Trade channels in full force. The aim is to expand distribution channels to cover a wider range of areas, expand to new customer base, and increase the Company's growth opportunities. In