) mainly due to reduction in equipment rental, as in 2017 SAAM Group had additional expense for equipment rental arising from the delay in shipment of inverters for SAAM-SP1. SAAM Energy Development Public

NCL SINGAPORE ขยายส่วนงานขนส่งแบบ LCL Shipment (Less than Container Load ท าให้มีรายได้และก าไรในสว่นงานดงักลา่วเพิ่มขึน้ สง่ผลให้ NCL SINGAPORE ก าไรสทุธิที่ดีขึน้จากปีก่อน มากถึงร้อยละ 222.59 บริษัท

pay for a fuel shipment during the quarter. Also, an increase in long-term liabilities due to the 330mTHB term loan used to acquire Saraburi Quicklime impacted total liabilities. Shareholder equity

additional expense for equipment rental of THB 0.79 million arising from the delay in shipment of inverters for SAAM- SP1. However, a depreciation cost in 2017 decreased by THB 0.89 million due to change in

the second half of the year. However, government expenditure was slightly decline as well as the contraction on agricultural and construction sector. The Thai economy in 2018 is expected to expand more

shareholders’ equity. 4.2 Capital expenditure In the year 2018, the Company had capital expenditure for the replacement of electrical equipment and machine accessories amounted 17.82 million Baht. 7 /8 ( ) Union

from the year 2017. This is because the government expenditure budget focused on the infrastructure and transportation, while the expenditure in information communication technology did not increased

Equity ratio 0.11 times, lower than that of 2016, i.e. 0.16 times, indicating low relative proportion of debt and shareholders’ equity. 4.2 Capital expenditure In the year 2017, the Company had capital

Quicklime in 1Q 2018. Investments in capital expenditure have also reduced significantly with continued focus on Capex discipline. There will be increased expenditure in the coming months however this is

line with the increase in revenue from sales due to the fixed cost of expenditure on factory staff and erection staff that was not able to occupy full capacity and the expenses for the erection was