times. Also, interest bearing debt to equity ratio was reduced positively at 3.6 times. This was due to the fact that net loans decreased while shareholder equity increased. The significant decrease of

10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Total Assets Total Liabilities Total Shareholder Equity 2016 2017 Unit : THB mm Liabilities As of 31 December 2017, the Company had total liabilities

” means the persons who have a relationship in one or more of the following manners: (1) the spouse and a minor child; (2) a juristic person and a shareholder or a partner of the juristic person which holds

having shareholder being person as prescribed in (1) to (13) combining hold shares exceed 75% of share which entitle to vote; (15) foreign investors having qualifications as the investor prescribed in (1

auditor; (14) juristic persons having shareholder being person as prescribed in (1) to (13) combining hold shares exceed 75% of share which entitle to vote; (15) foreign investors having qualifications as

persons having amount of an investment from one hundred million baht of the latest financial statement which audited by the auditor; (14) juristic persons having shareholder being person as prescribed in (1

to equity (x) = Interest bearing debt divided by shareholder’ equities Interest bearing debt to EBITDA (x) = Interest bearing debt divided by EBITDA

+ (-) % (in million Baht) Current portion of bonds 487 510 (5%) Short-term loan from related parties 1,286 1,506 (17%) Short-term loan from other parties 107 107 (0%) Loan from shareholder 4 4 Advances received

%) Loan from shareholder 4 4 Advances received from customers 146 203 (39%) Other payables and accrued expenses 7,342 7,147 3% Accrued interest expenses 5,268 4,937 6% Provisions 367 270 27% Other current

%) Loan from shareholder 4 4 Advances received from customers 62 203 (229%) Other payables and accrued expenses 7,244 7,147 1% Accrued interest expenses 5,322 4,937 7% Provisions 384 270 30% Other current