a result of unearned revenue from initial franchise fee received in advance. (The unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for

-off of computer software, (4) deferred tax assets, decreased by THB 1.56 million, as affected by employee benefits and unearned incentives. Management Discussion & Analysis 2022 7 I 9 As of 31 December

lease liabilities 771.7 691.2 80.5 Unearned income 2,153.0 2,531.0 (378.0) Other current liabilities 2,408.0 2,234.7 173.3 Total current liabilities 7,849.9 8,340.2 (490.3) Non-Current liabilities Long

, Liabilities arising from financial lease of aircrafts and Finance lease liabilities 580.3 539.5 40.8 Income tax payable 10.1 213.9 (193.8) Unearned income 2,195.0 2,625.7 (430.7) Other current liabilities

ratio of 0.57, decreasing from previous year, as a result of the reduction in current assets from collection of unearned revenue and other receivables of Bt130.07mn. Debt to equity ratio was 2.13

- - Short-term Loan from financial institution - - 38.95 Trade and other accounts payables 48.82 73.93 49.55 Accrued cost - 44.28 83.87 Unearned income 20.45 6.43 44.03 Income tax payable 0.42 1.03 7.04 Other

-term Loan from financial institution - - 38.95 Trade and other accounts payables 48.82 73.93 49.55 Accrued cost - 44.28 83.87 Unearned income 20.45 6.43 44.03 Income tax payable 0.42 1.03 7.04 Other

will be recorded as unearned income in S’s consolidated financial statement and recognized as revenue over 30 years start in Q1’2019. In the meantime, S has invested in 20% shareholding in SPRIME

of aircrafts and Finance lease liabilities 539.5 465.3 74.2 Unearned revenue 2,625.7 2,368.8 256.9 Other current liabilities 2,077.0 1,765.5 311.5 Total current liabilities 8,315.4 7,327.6 987.8 Non

lease of aircrafts and Finance lease liabilities 691.3 539.5 151.8 Income tax payable 13.1 213.9 (200.8) Unearned revenue 2,531.0 2,625.7 (94.7) Other current liabilities 2,152.1 2,077.0 75.1 Total