interest-bearing debt, it amounted THB 38,038.9 mm, increased by THB 3,604.4 mm from THB 34,398.5 mm. The main reasons are as follows: 1. Decrease in short-term loans from financial institutions of THB 178.2

from financial institutions increase Baht 19.95 million (for payment to foreign supplier), long-term loans from financial institutions increase Baht 17.60 million (the loan for the construction of a new

, Land no. 272, area 180.30 square wah The land title deed No. 61177, Land no. 271, area 128.70 square wah Legal rights Absolute ownership Liability No any liability with financial institutions The use

(trade and other payables of the new business increased by Baht 15.45 million), increased in unearned income of Baht 23.01 million, short-term loans from financial institutions increase Baht 26.33 million

2018. It was mainly due to a decrease in loan from financial institutions of the subsidiaries when the Company started to payback loan for The Lofts Asoke project and a decrease in deposits and advance

loans from financial institutions of THB 1,044mn, which was partially offset by repayment of loans from financial institutions THB (1,735)mn. BUSINESS PLAN AND OUTLOOK In 2020, our Hospitality business

prior year, driven by the repayment of loans to financial institutions and related parties, pursuant to the winding down of the Restructuring. 8. Share of profit of associates and joint ventures was THB

, or 16.6% decreased from THB 8,607.9mn of that as of 31 December 2018. It was mainly due to a net decrease in loan from financial institutions, loan from related parties and the Company’s debentures of

short-term loans from financial institutions in the amount of 293.55 million baht as working capital for the business and recognition of liabilities under lease agreement in amount of 82.10 million baht

increase of Long-term Borrowing Debentures Baht of 2,996.8 million despite a decrease of Short-term from Financial Institutions of Baht 1,765.0 million. Interest-bearing Debt as of 31 March 2020 was Baht