from the year 2017. This is because the government expenditure budget focused on the infrastructure and transportation, while the expenditure in information communication technology did not increased

Equity ratio 0.11 times, lower than that of 2016, i.e. 0.16 times, indicating low relative proportion of debt and shareholders’ equity. 4.2 Capital expenditure In the year 2017, the Company had capital

Quicklime in 1Q 2018. Investments in capital expenditure have also reduced significantly with continued focus on Capex discipline. There will be increased expenditure in the coming months however this is

line with the increase in revenue from sales due to the fixed cost of expenditure on factory staff and erection staff that was not able to occupy full capacity and the expenses for the erection was

comparison with the previous year, due to the delay approval process of budget expenditure of the government for the 2020 fiscal year. • Revenues from sales and beauty treatment services for the year 2019 were

the budget disbursement for the year 2020 remaining period. Including, restructuring of the expenditure budget for economic recovery through the Transferring of Budget Act 2020. However, the investment

consumption and the improvement of the service sector according to the number of thai and foreign tourists. However, Public expenditure shrinks from both regular expenditure according to central budget

of tax exempt status which can be carried forward and deducted as expenditure from the net profits acquired. For the year 2014 and 2015, the Company could claim this priviliege to the whole amount

Table 7: Capital Expenditure 1Q2017 Bt 268 million 2Q2017 Bt 234 million 3Q2017 Bt 305 million 4Q2017 Bt 418 million An additional investment in Phase 3 of the new plant during 2017, will commence

principal Other Conditions : None Objectives : To be used for capital expenditure of the Company and to be working capital of the Company (4) Total Value, Size of the Transaction, and Criteria to Value the