they were in term of short-term liabilities. The major liabilities were short-term loans from financial institutions, bank overdrafts, and trade accounts payable. Shareholders’ Equity: As of 30 June 2020

considered and based on the investment offer of Hero Experience under which the equity required for the development of the Project equals the value of the shares to be issued to the Company. Based on

Fax. 0 2204 2616 Statement of Financial Position (Baht) Liabilities and shareholders’ equity Liabilities Trade and other current payables 65,975.77 Total current liabilities 65,975.77 Long-term

decrease of short-term loans from banks, long-term loans and trade account payables. Shareholders’ equity Total shareholders’ equity as at 31 December 2019 were Baht 2,446 million, a decrease of Baht 60

was mainly due to the decrease of short-term loans from banks and trade account payables. Shareholders’ equity Total shareholders’ equity as at 31 March 2019 were Baht 2,616 million, a decrease of Baht

due to the lower trade accounts receivable. 4 The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30 June 2019 31 December 2018 Trade account receivables

million and some portion from the trade creditors agreed to reduce the accrued interests payable during the negotiation period before the completed debt-to-equity conversion scheme. - Gain on exchange rate

2016 % Increase (Decrease) Liabilities and equity Current liabilities Trade accounts payable 606 2,039 (70%) Other payables and accrued expenses 648 1,239 (48%) Advance from customers 63 190 (67%) Short

(Decrease) Liabilities and equity Current liabilities Trade accounts payable 700 2,033 66% Other payables and accrued expenses 487 661 26% Advance from customers 49 33 (51%) Short-term loan from related

31 March 2018 31 December 2017 % Increase (Decrease) Liabilities and equity Current liabilities Trade accounts payable 1,772 870 104% Other payables and accrued expenses 693 724 (4%) Advance from