of financial commitments - it may, nevertheless, be vulnerable to changes in economic cycle or circumstances A+ A A- A1 A2 A3 A+ A A- Adequate capacity for payment of financial commitments - economic

Collection Period (Days) 37 37 Inventory Turnover Period (Days) 21 19 Average Payable Period (Days) 19 16 Cash Cycle (Days) 39 40 Total Debt to Equity Ratio (Times) 0.43 0.47 Interest Coverage Ratio (Times

16 Cash Cycle (วัน) 39 40 อัตราส่วนหนีส้ินรวมต่อส่วนของผู้ถือหุ้น (เท่า) 0.43 0.47 อัตราส่วนความสามารถชำระดอกเบี้ย (เท่า) 235.76 126.53 อัตราส่วนความสามารถชำระภาระผูกพัน (เท่า) 94.15 75.36 - 6 - (3

well as statistics. https://ghgprotocol.org/life-cycle-databases https://ghgprotocol.org/life-cycle-databases 25Confidential. Do not distribute. 2 & 3. Data collection & GHG accounting Build your

oil price (OILt) to represent the global risk factor. Global risk factors Economic Policy Coherence & Business Cycle Synchronization 26 The panel data regressions are used to estimate determinants of

margin was caused by change in product mix, rise in production costs and increase in packaging cost purchased from external party. - Translation - Page 4 of 6 Gross profits margin from domestic sales was

, referring to gross profit margins of 32.2% and 33.0%, correspondingly. Such reduction in gross profit margin was caused by change in product mix, rise in production costs and increase in packaging cost

%, correspondingly. Such reduction in gross profit margin was caused by change in product mix, rise in production costs and increase in packaging cost purchased from external party. Gross profits margin from domestic

genuine gross margin in 2017 was at 57.5% for the warehouse rental and service business which decreased from 69.0% last year, mainly due to change in product mix between Built-to-Suit and Ready-built

by the increase mix of Hardline and Food segment and online sales which have lower margin than Fashion segment as well as discount given to customers to boost the sales. Central Retail Corporation