Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

for doubtful accounts in amount of THB 35.36 million, slightly increased from THB 34.41 million in 2017. The allowance for doubtful accounts was at acceptable level of 3.68% of total trade receivables

the total Liabilities. Current Liabilities as of year 2018, mainly due to a decrease in accounts payable and other payables. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD

(trade account receivable – third parties decreased of 259.48 Million Baht, accounts receivable from related parties decreased of 15.59 Million Baht, declined in other receivable-third parties as of 73.53

new projects ie. land for new hospital in Saraburi province and investment in Nan-Ram Hospital but also renovation of existing hospitals. The While accrued SW income decreased, accounts receivables of

%. Trade and other Receivable In 2019, the Company and its subsidiaries recorded allowance for doubtful accounts in amount of THB 33.92 million, slightly decreased from THB 35.36 million in 2018. The

of the liabilities was from lower of trade accounts payable due to lower prices of raw materials, offset with higher * Note Please find further information in the consolidated financial statements. 5

1,775.85 (49.08) (2.76) Accounts payable 88.56 149.37 (60.81) (40.71) Long-term loan 118.73 108.67 10.06 9.26 Other liabilities 39.86 34.53 5.33 15.44 Total liabilities 247.15 292.57 (45.42) (15.52) Total

). This was mainly due to short-term loan and debenture repayment of Baht 2,400 million. Meanwhile, trade accounts payable decreased by Baht 549 million, advance received from customers decreased by Baht

decreased from Baht 55 million to Baht 53 million, decreased by Baht 2 million or 4%, due to allowance for doubtful accounts (reversal) decrease. Meanwhile, selling and administrative expenses was increased