the net trade debts of THB 1,136 million and some portion from the trade creditors agreed to reduce the accrued interests payable during the negotiation period before the completed debt-to-equity
according to the resolution approval from the Extra Ordinary Shareholders’ meeting no. 1/2017 on 30th August 2017 by newly issuing ordinary shares of the Company to pay the net trade debts of THB 1,136
market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to
paid. (See more details in Statement of cash flows) Trade accounts receivable As of 31 December 2018, the Company and subsidiary has trade accounts receivable amounted to Baht 1,041 million, deducted
and non-current assets amounted to Baht 25,942 million, decreased 3% from year 2017. Current assets mainly increased from the increase of trade accounts receivable, inventory and other current assets of
liberalization of international trade begins to Management’s Discussion and Analysis (MD&A) for year 2017 6 effective; rely on the time frame that each party has made a long-term agreement. It is forecasted that
China. Therefore, the steel product is expected to recover together with the liberalization of international trade begins to Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 6 effective
million, decreased 2% from year 2017. Current assets mainly increased from the increase of cash and cash equivalents, trade accounts receivable and inventory of the Subsidiary Company. Non-current assets
and repayment of short term loan from related parties Baht 166 million. (See more details in Statement of cash flows) Trade accounts receivable As of 30 September 2018, the Company and subsidiary has
results were satisfactory and confident that they could be able to help improving the Company’s business. SSG Group therefore started negotiating with 7 main trade creditors (including Cargill International