cost was due to the ability to maintain low financial cost as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term borrowing, which is

Ratios Debt to Equity times 0.42 0.42 0.45 Interest coverage times 531.88 227.59 95.03 Dividend payout (%) 55.85%* 55.65% 67.84% * Pending for approval from the 2019 annual shareholders’ meeting Operating

Financial Policy Ratios Debt to Equity times 0.40 0.42 0.42 Interest coverage times 3,095.00 545.41 222.73 Dividend payout (%) 76.07%* 55.96% 55.68% * Pending approval from the 2020 annual general meeting of

decrease in finance cost was due to the ability to maintain low financial cost as well as the Company’s policy is to manage liquidity risk and interest rates fluctuation risk by mainly locking in long-term

revenues. The ability to maintain low financial cost due to the replacement long term loan with lower rate as well as the Company’s policy to manage liquidity risk and interest rates fluctuation risk by

planned maintenance and investment in plant and equipment for a new product. Net cash from long-term financing activities decreased year-on-year again from the impact of the loan for the acquisition. The

both short-term and long-term borrowings totally 62,370 million baht, increasing 5% from the end of fiscal year 2017. The portion of long-term borrowings was 40,031 million baht or represented 64% of

both short-term and long-term borrowings increased by 5% from the end of last year to 67,073 million baht. The portion of long-term borrowings was 43,255 million baht or represented 64% of total

baht or 3% from 74,271 million baht at the end of fiscal year 2019. There were both short-term and long-term borrowings totally 65,310 million baht, decreasing by 6% from the end of last year. The

million baht or 1.5% from 70,009 million baht at the end of previous year. There were both short-term and long-term borrowings totally 64,113 million baht, increasing by 2% from the end of last year. The