majority of the audit firms push forward to increase auditors in the capital market, thus support the increasing number of listed companies. Therefore, the ratio of listed companies to auditors in the

investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company recorded gain on fair value adjustment of investment due to

258.25 million respectively, equivalent to a 37.37% decrease. Cost of goods sold to sales revenue ratio slightly increased from 33.00% to 35.42% because of the depreciation costs increased 23.84% and

Net Interest-Bearing Debt to Equity ratio of 0.62x.  Subsequent Event: Gulf TS1, the second of the four SPPs to COD this year, achieved COD in July 2017 with a total contracted capacity of 130.0 MW

Equity ratio stood healthily at 0.62x. Sbsequent Event:  Gulf TS3, the 4th Joint Ventures SPP between WHA Energy Company Limited (a wholly owned subsidiary of WHAUP) and Gulf MP Company Limited at

-Bearing Debt to Equity ratio was at 0.58x. Subsequent Event:  The company obtained right to develop natural gas distribution and retail projects in six Hemaraj industrial estates, starting with the WHA

at the rate of 28% in 2017, decreased from the gross profit margin at rate of 38% in 2016. It results from the lower gross profit margin of set-top box, the lower proportion of sale of

. Cost of goods sold to sales revenue ratio edged up slightly from 30.22% to 30.65 % as a result of the changing sales mix that each product line contributed to total sales. Table 6: Cost of Goods Sold by

million and THB 180.38 million respectively, equivalent to a 43.52% decrease. Cost of goods sold to sales revenue ratio edged down slightly from 32.48% to 32.36% because of the changing sales mix that each

fixed toll revision every 10 years in accordance to the concession which revenue sharing remained as current proportion. 4. The Completion Commercial Operation of MRT Blue Line Project On March 30, 2020