repayment of payables of solar energy and trade payables of the existing businesses. • Long-term borrowings from financial institutions rose by Baht 295.75 million due to the last drawdown of solar energy
. Financial Cost Finance costs of existing businesses decreased by Baht 20. 98 million, due to the repayment of short- term loan by using money from the initial public offering. The Solar energy business
was since the repayment of long-term borrowing in the solar energy business. Income tax expense Income tax decreased Baht (0.61) million or (29.6%), which was mainly derived from the overall operating
trading of its ordinary shares in the MAI stock exchange. • Trade and other payables decreased by Baht 314. 29 million due to repayment of payables of solar energy and trade payables of the existing
small decrease in finance costs for the solar energy unit Baht (2) million or (18%). It was since the repayment of long-term borrowing in the solar energy business and short-term borrowings from financial
SAAM Energy Development Public Company Limited - 1 - 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: The President The Stock Exchange of Thailand
borrowings from financial institutions decreased Baht (17.76) million, which mainly comes from long-term borrowing repayment in solar energy business. The group’s equity increased Baht 24.30 million due to
solar energy unit Baht (4) million or (6%). It was since the repayment of long-term borrowing in the solar energy business. Income tax expense Income tax increased Baht 4 million which was mainly derived
policy. Finance costs The company had a small decrease in finance costs for the solar energy unit Baht (1) million or (7.1%). It was since the repayment of long-term borrowing in the solar energy business