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
repaid the loan cause this expense has been reduced. 8. Share of profit (loss) from investment in associated company In year 2017, share of profit from investment in associated company was Baht 29.26
51.81% from the same period of 2017. This mainly came from an increased in short-term loan from financial institutions that was occurred in first quarter of 2018. K. W. METAL WORK PUBLIC COMPANY LIMITED
and personal loan lead generator. 3. Income from insurance business in Q3/2018 wat 35.1 million baht which is the revenues from non-life insurance that the Company acquired a majority stake since Q2
and an increase in net interest income in line with loan growth, which was consistent with rising net interest margin (NIM). Excluding net profit from investment and income from auction of mortgaged
restructured from short-term debts into long-term loan 5 years, resulted in better financial ratios i.e. Debt to Equity Ratio (D/E Ratio) at 0.39 and Current Ratio at 1.18 which were better than year 2016
of long-term loan from financial institutions and the dividend for the second half of 2018 to the shareholder. - Short-term investments were 465.39 million Baht, increased by 61.11 million baht
agreement, dated January 22, 2017, (the “Credit Agreement”) with the loan amount of USD 71,000,000, or equivalent to THB 2,450,154,777.78, with Link Capital I, where on February 2, 2017, the Company utilized
million baht or 17. 01% . The increase was due to additional of borrowing to support hire purchase loan expansion and maintained the company interest spread. For the provision expenses for the fourth
had loan amount of Bt89mn. Business Overview In FY2019, FSMART (or the “Company”) is still the number 1 leader in online top-up kiosk business in both total transaction amount and the number of kiosks