bank loans. As a result, net cash decreased by Baht 5,231.66 million from the beginning balance. Net-Debt-to-Equity ratio as of June 30, 2017 was 1.33 times Net-Debt-to-Equity ratio according to the

had better liquidity. Since after listed, GC had good fund from the IPO proceeds at the end of 2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better

system is almost complete. Some small changes have to be made and the company has set to fully shift to ERP system at the beginning of 2018. 2. Operating Results (Company and Subsidiaries) Consolidated

deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In 2017 GC had a current ratio at 1.43 times compared to 1.34 times in ending 2016

which this project is held 99.99 percent of total shares by SAFE. Then the Company could start gaining from profit sharing since the beginning of the 3rd Quarter of 2017. 2. Green Earth Power (Thailand

gaining profit sharing since the beginning of the 3 rd Quarter of 2017. Moreover, the Company could start commercial operation from SAFE Energy (Phrae) Company Limited for the Biomass Gasification Project

. Liquidity: In 2019 GC had better liquidity. Since after listed, GC had good fund from the IPO proceeds at the end of 2005 and the working capital from deposits redemption at the beginning of 2006. This caused

profit sharing since the beginning of the 3 rd Quarter of 2017. Moreover, the Company could start commercial operation from SAFE Energy (Phrae) Company Limited for the Biomass Gasification Project with the

proceeds at the end of 2005 and the working capital from deposits redemption at the beginning of 2006. This caused a better working capital management to reduce the cost of fund. In Q2/2019 GC had a current

in financing activities was Baht 766.71 million due to repayment of bank loans. As a result, net cash increased by Baht 401.91 million from the beginning balance. Net-Debt-to-Equity ratio as of March