of US dollar debts; the company booked unrealized gain of Baht 605 million in 2019 from the THB appreciation against US dollar during that period while there was unrealized loss of Baht 81 million in

outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

ratio was of 1. 21:1 time and the Interest bearing debts to total equity ratio was of 0. 98:1 time. The liabilities comprised of major items which follow;- 2.2.1 Account payable and others account payable

. Increasing household debts and loan rejection rate of financial institutions are the major obstacles. In the past, the strategy of the Company emphasizes the development of large-scale projects focusing mainly

. 3 million as of the end of the Quarter 2 of 2017, which is decreased by THB 164.66 million from the total debts as of the end of 2016 amounting to THB 1,293.1 million, which is mostly caused by the

addition, higher household debts pressured consumer to carefully control their spending. (Source: Quarterly Economic Assessment and Outlook 3/2017 Bangkok Bank Public Company Limited) Performance Analysis

total debt is THB 1,280 million as of the end of the Quarter 3 of 2017, which is decreased by THB 13 million from the total debts as of the end of 2016 amounting to THB 1,293 million because of the

growth and stability of the Company. However, the target customers of the Company have encountered the problem of household debts during the past few years. The loan approval criteria of financial

acquisition of more non-performing debts to manage. In the year of 2017, the Company starts to acquire secure bad debt which cost of acquire secure type of distress debt is higher than unsecure type

activities by the amount of 704.6 million Baht which is a result of acquisition of more non-performing debts   Management Discussion and Analysis of FS2017 Page 5/5 JMT Network Services Public Company Limited