institutions as of the period ending 30 September 2019, while shareholders’ equity equal to 1,233.3 million baht. The Company debt to equity ratio stood at 1.08 times and the interest bearing-debt to equity

). Retirement Saving Over the Life Cycle: Evidence from a Developing Country. Journal of Aging & Social Policy, 1-18. Primary tax-advantaged saving vehicles % of total long-term/retirement savings Note: Data on

. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 1,308 million, down 13% YoY  CMG: Baht 1,577 million, down 11% YoY  Sales ratio of Brand: CMG was 45

19.76 0.36 39.59 32.30 22.56 2 Key financial ratio related with operating result (%) 2Q19 2Q18 %YoY 1Q19 %QoQ 1H19 1H18 %YoY Gross profit margin (%) 44.00% 41.28% 2.72 41.47% 2.54% 42.82% 41.63% 1.18

(EBITDA) 34.53 17.06 17.47 102.38 Depreciation and amortization 23.56 19.76 3.80 19.22 Key financial ratio related with operating result (%) For the period ended Change 31 March 2020 31 March 2019 % YoY

17.41 15.98 19.83 1.80 59.78 49.71 20.26 Key financial ratio related with operating result (%) 3Q19 3Q18 %YoY 2Q19 %QoQ 9M19 9M18 %YoY Gross profit margin (%) 46.47 42.44 4.03 44.00 2.47 43.93 41.88 2.04

issuance limit at THB 4,500mn. With existing debenture of THB 2,212mn, the Company has availability of THB 2,288mn to issue debenture. Moreover, the Company is co-developing real estate projects with the

’ equity. Appropriateness of the Funding Structure In Q3 2018, the Company had total debt to equity ratio of 14.1 times, increasing as compared to 2017 of 13.3 times. The interest-bearing debt to equity

วิธีการคำนวณอัตราส่วนทางการเงิน (key financial ratio) แบ่งตามประเภทธุรกิจ สำหรับการเสนอขายตราสารหนี้ทุกประเภท (แนบท้ายประกาศ ทจ. 44/2563)

Analysis Key Financial Ratio As at 31 December 2019, the Company had the current ratio of 0.64, increasing from previous year, as a result of the reduction in current liabilities from short-term loan