to complete. Moreover, the 2016 inspection results of the auditors’ engagement showed that most findings were in the substantive testing phase, with the audit of revenue, the audit of inventory and the

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

Inventory as of September 30, 2019 is in the amount of 127.25 million baht increased by 16.77 million baht when compare to last year. This resulted from the fact that this quarter is low season so there was

million THB to 21,250.21 million THB. The main reasons are as follows: 1) Cash and cash equivalent increase 8.77% from 31 December 2017 as a result of the performance of the Company. 2) Inventory increases

31st December (Unit: Time) 2018 2017 Current Ratio 5.86 5.90 Quick Ratio 2.81 3.08 Inventory Turnover 2.91 3.37 • Current ratio was 5.86 times, decreased from the year 2017 which was equivalent to 5.90

in non-social security revenues portion which granted shorter credit term. However, average inventory day increased. Please be informed accordingly. Yours sincerely, (Mr. Surin Prasithirun) Managing

increased by THB 29.02 million or by 8.97% from 2018. The mainly increase due to the increase in sales from domestic and overseas, especially in product group with high gross margin and good inventory

increase due to the increase in sales from domestic and overseas, especially in product group with high gross margin and good inventory management. Statement of Financial Position Assets As at December 31

% 83.07 6.1% (16.93) (16.9%) Trade & Other receivable 118.32 9.6% 138.82 10.1% 20.50 17.3% Inventory - - 9.42 0.7% 9.42 - Other current Asset 2.14 0.2% 4.50 0.3% 2.36 110.3% Other long-term investments

4,980.73 to 1,817.28 million THB. Around 72% is the inventory but the gross profit is maintained at 30% of income. Moreover, the management expense is controlled and has decreased 31.25% from that of the