working capital management during 9M17, trade receivable turnover, inventory turnover as well as trade payable turnover were not meaningfully changed yoy. Leverage ratio has improved as illustrated by
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
deposits, financial institutions accounts payable, and trade accounts receivable. In addition, the auditor of SCT Vietnam Gas Co., Ltd., a PICNI’s subsidiary, was also encountered limitation on scope of
Financial Position Unit: Baht million June 30, 20 Mar 31, 20 % Change Cash and cash equivalents 1,359 965 40.8% Current investments 2,420 2,330 3.9% Trade accounts receivable and other receivables 954 1,351
investment of 286.20 Million Baht, left in stock of 47.25 Million Baht and decline in Trade and Other receivable of 43.63 Million Baht (other receivable (external) 99.79 Million Baht, more accrued income from
period of previous year as amounting of 69.57 Million Baht due to the company has reversal of allowance for doubtful account of loans receivable of 3.88 Million Baht thus year 2017 the subsidiary as
was Baht 575 million versus 595 million as of Q3/2018 or equivalent to 3.52% increased resulting from the rise in both trade accounts receivable and inventory. The trade accounts payable as of Q3/2018
decline in both trade accounts receivable and inventory. The trade accounts payable as of 2017 was Baht 179 million, a decrease of Baht 44 million from Baht 223 million of ending 2016 or 19.65% decreased
equivalent to 7.11% decreased resulting from the lower level in both average trade accounts receivable and inventory. The trade accounts payable as of Q2/2018 was Baht 271 million, an increase of Baht 92
due to an increase in Allowance for doubtful accounts of Baht 10.0 million resulting from liquidity problem of one major accounts receivable, whereas there was no such transaction in 2017. The interest