support from the new Shareholder, we are positive to be more competitive in term of cost resulting the positive bottom line is achievable. Refer to the HRC price in Q3/17, we have seen the improvement of
-term loan repayment capacity supported by solid operation, and the impact of strengthened Baht currency, which together helped offset an increase in interest rate. Earnings before interest, tax
-term loan from related parties decreased Baht 1,146 million which mainly came from the repayment of subsidiary. Trade accounts payable decreased Baht 692 million, mainly came from subsidiary. Trade
partial repayment for long-term loans during the year 2017. Net Profit The net profit was THB 1 million, up 101.2% yoy as mentioned above. Core business, excluding the gain from the sale of investment
-current assets 188 160 +17% Total non-current assets 2,620 2,284 +15% Total Assets 4,567 4,390 +4% Bank overdrafts and short-term loans from financial institutions 1,560 1,328 +17% Trade payables 333 473
sale weight and selling price. In addition, there is a one-time expense for big maintenance of forming machines for the purpose to use them in long-term. As a result, gross profit decreased in the
according to the target of purchase from major suppliers in 2020. Cost of equipment for lease increased by 52.6%. This is because some projects of equipment for lease were renewed by a shorter contract term
)% Unbilled receivables 560.2 434.2 126.0 29.0% Short-term Loan to related parties - 18.0 (18.0) (100.0)% Inventories 268.0 305.8 (37.8) (12.4)% Other current assets 186.8 104.7 82.1 78.4% Investments in joint
equity Short term loans from financial institutions - - 455 23.0% Trade & other payables 327 20.1% 171 8.7% Accrued expenses 91 5.6% 68 3.5% Other current liabilities 16 1.0% 6 0.3% Non-current liabilities
with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in January 2017 and it is now incorporated and listed in mai under NVD. The Company’s landed