receivable has increased in line with revenue increase. Liabilities as of 31 December 2017 substantially decreased mainly from the repayment of debt owed to financial institutions. The repayment was from IPO

Other assets 75.60 77.63 66.45 Total Assets 1,674.32 1,685.41 1,774.93 Trade Payable 118.80 136.50 128.39 Interest-Bearing Debts / Leasing 1.04 0.91 78.36 Employee Benefit Obligation 58.85 56.25 49.89

The allegation is a consequence of various complaints lodged in relation to the increased debt of THB 26,000 million following EARTH’s submission of the financial statement for the first quarter

payment of 36.17 percent in spite of decrease in EBITDA of 0.83 percent from the end of year 2017. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking

2017 of 21.88 percent, an decrease in long-term loan and financial lease liabilities due within one year of 24 percent and a decrease in loan interest payment of 36.21 percent. (5) Debt Obligation The

liabilities amounting 109.71 million baht. The total liabilities in 2018 declined by 33.62 million baht or down by 14.97 % on a year-on-year basis. • The employee benefit obligation declined by 6.22 million

The SEC has revised the definition of Qualified Subordinated Debt to be excluded from the total liabilities for the calculation of net capital of business operators, viewing that the debt instruments

of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to

profit before expenses of THB 7.21 million and when deducting the total cost of THB 32.57 million which were administrative expenses of THB 11.97 million, doubtful debt of THB 0.99 million, loss from

123.60 million which were administrative expenses of THB 22.96 million, doubtful debt of THB 63.99 million, loss from impairment of investment in associates of THB 0.01 million, management benefit expenses