to trigger awards. Having greater proportions of variable rewards deferred for longer periods of time and subject to claw-back or malus structures, particularly if the deferred awards are invested

Flow spent for financing activities of THB 20 million , which was from long-term loan interest payment. Key Financial Ratios Exhibit 9 : Key Financial Ratio comparison of 1Q2018 vs. 1Q2017 vs. 4Q2017

38.85 50.34 -11.49 -23% Golden Lime Public Company Limited 8 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 4. Financial Ratios Note: Net Debt = Interest bearing liabilities – cash

ended September 30, 2019 respectively. The main reason of the reduction of those ratios is the company and its subsidiaries have debenture which is to be redeemed within July 2020 then this debenture has

TFRS 15. 23,773.3 9,724.0 14,049.3 26,418.7 12,859.5 13,559.3 Total Assets Total Liabilities Total Shareholder Equity Million Baht 31-Dec-18 31-Dec-19 7 3. KEY FINANCIAL RATIOS 2019 2018 Gross Profit

financial ratios. The total debt amount that will be restructured is USD 37,358,546 which part of the debt, USD 32,934,250, will be converted into equity while the remaining will be recorded as gain from debt

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

conversion and some portion has been 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

, not less than the ratios as specified in the Notification of Securities and Exchange Commission concerning the Maintaining Capital Adequacy of Mutual Fund Management Company and the Notification of

presented in latest financial statement, audited by auditor, not less than the ratios as specified in the Notification of Securities and Exchange Commission concerning the Maintaining Capital Adequacy of