June 2017 and 31st March 2017 stood at Baht 635.44 million and Baht 655.42 million respectively. The decreasing in liabilities was mainly to the payment of trade payable. 2.3 Shareholders’ equity As at

and other payables and long-term loans from financial institutions. Total liabilities fell as short- term loans from financial institutions and trade payables declined. Shareholders’ Equity As of 30

from financial institutions. Total liabilities declined as short- term loans from financial institutions and trade payables fell. Shareholders’ Equity As of 30 September 2018, the Company held

from interest hair-cut according to compromise agreements and debt to equity conversion program.  Trade accounts payable decreased by Baht 1,379 million, mainly due to the repayment of liabilities by

assets 598 609 (2%) Total non-current assets 25,586 26,835 (5%) Total assets 30,469 32,172 (6%) Liabilities and equity Current liabilities Short-term loans from financial institution 213 213 Trade accounts

. Foreign debts are fully hedged; however, trade payables are partially hedged, subjected to the payment term and currency fluctuation. Total equity was Bt50,427mn increasing 18% YoY from higher retained

(times) 1.9 1.6 1.4 ST investment 2,221 0.8% 1,989 0.7% Net debt to equity (times) 1.7 1.4 1.0 Trade receivable 16,361 5.6% 16,277 5.6% Net debt to EBITDA (times) 1.3 1.0 1.0 Inventories 3,823 1.3% 4,828

debt to equity (times) 2.2 1.9 1.9 Trade receivable 14,179 5.0% 15,969 5.6% Net debt to EBITDA (times) 1.2 1.4 1.2 Inventories 3,951 1.4% 4,670 1.6% Current Ratio (times) 0.4 0.5 0.5 Others 3,418 1.2

2,963 1.1% 2,495 0.9% Net debt to equity (times) 2.57 2.03 2.30 Trade receivable 11,377 4.1% 12,939 4.6% Net debt to EBITDA (times) 1.53 1.32 1.39 Inventories 3,085 1.1% 2,519 0.9% Current Ratio (times

1,989 0.7% 1,829 0.5% Net debt to equity (times) 1.4 0.9 1.3 Trade receivable 16,277 5.6% 16,768 4.7% Net debt to EBITDA (times) 1.0 0.7 1.0 Inventories 4,828 1.7% 2,669 0.8% Net debt & lease liability