, nor maintaining financial ratios (Debt Covenant) of financial institutions or bill of exchanges. The Company has current total debt to equity ratio of 0.1 times, and have closely and cautiously manages

million increased by Baht 103.69 million due to an increase in supplier and contractor. 2. Long – term loan from financial institutions was Baht 70.83 million decreased by Baht 119.69 million due to

institutions as to support the Company’s business operation. The total credit facility that has not yet been utilized as at 31 December 2018 and 2019 was THB 4,900 million and THB 2,105 million, respectively. As

financial institutions. Shareholders’ Equity As of 31 December 2020, shareholders’ equity was Baht 1,592.26 million, which decreased by Baht 23.30 million from Baht 1,615.56 million as of 31 December 2019

issue secured debenture in the amount of THB 300 million to be repaid the previous debenture which will be due in January. • Short-term borrowings from financial institutions decreased THB 62.74 million

from financial institutions decreased THB 62.74 million due to principal pay-off. • Trade and other current payables decreased THB 196.81 million from THB 543.46 million as at December 31, 2018 to THB

the Company’s business , loan from financial institutions, etc. The Company will consider the appropriate sources of fund. 10. Mutual Benefits or related party transactions The Company has no mutual

loan to financial institutions at the amount of Baht 39.89 million. 4. The increase in lease liabilities, net of current portion of Baht 128.16 million from the adoption of new financial reporting

1,706 million as of 31st December 2019. The decrease in the liabilities was mainly because of the repayment of long-term loans from financial institutions. 3. Total equity was THB 979 million as of 30th

September 2020, which dropped by 10% from THB 1,706 million as of 31st December 2019. The decrease in the liabilities was mainly because of the repayment of long-term loans from financial institutions. Earth