Common use of Interest Rate Risk Clause in Contracts

Interest Rate Risk. The Company and its subsidiaries have the significant interest rate risks in relation to deposit at the financial institutions, bank overdrafts and short-term loans from the financial institutions, long-term loans from the financial institutions, loan from the director and short-term loan from the related parties and companies. Interest rate risk arises from the interest rate changes, which cause damage to the Company and its subsidiaries in the current period and in the future. As at December 2018 and 2017, the significant financial assets and financial liabilities classified by types of interest rates were as follows: In Baht Consolidated Financial Statement As at December 31, 2018 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 7,086,142.12 - 22,132,559.50 29,218,701.62 Short-term investments - 367,578.54 578,244.36 945,822.90 Trade account receivable - - - - Deposit pledged as collateral - Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 - 456,424,790.85 Trade notes payable - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,113,730.58 59,113,730.58 Payable to related parties - - 39,738,055.52 39,738,055.52 Accrued expenses - - 36,348,984.21 36,348,984.21 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 Long-term loans from financial institutions 557,716,968.93 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 230,000,000.00 - 230,000,000.00 Short-term loan from director - 3,000,000.00 - 3,000,000.00 In Baht Consolidated Financial Statement As at December 31, 2017 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 10,630,243.60 237,547.86 11,084,118.21 21,951,909.67 Short-term investments - 126,655.54 574,902.47 701,558.01 Trade account receivable - - 64,200.00 64,200.00 Deposit pledged as collateral - Financial liabilities 9,156,986.60 - 9,156,986.60 Bank overdrafts and short-term loans from the financial institutions 63,755,123.84 340,430,000.00 - 404,185,123.84 Trade notes payable - - 48,970,139.77 48,970,139.77 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 42,640,694.10 42,640,694.10 Accrued expenses - - 38,227,949.00 38,227,949.00 Liabilities under the finance lease agreement - 835,313.28 - 835,313.28 Long-term loans from financial institutions 1,025,700,933.75 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 Financial assets In Baht Separate Financial Statement As at December 31, 2018 Floating Fixed Interest Total interest rate interest rate - free Cash and cash equivalents 5,306,159.06 - 21,316,921.06 26,623,080.12 Short-term investments - 127,909.42 578,244.36 706,153.78 Short-term loan to related parties - - - - Deposit pledged as collateral - Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 - 456,424,790.85 Trade notes payable - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,107,730.58 59,107,730.58 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 Long-term loans from financial institutions 557,716,968.93 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 229,000,000.00 - 229,000,000.00 In Baht Separate Financial Statement As at December 31, 2017 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 8,793,933.28 - 10,958,728.22 19,752,661.50 Short-term investments - 126,655.54 574,902.47 701,558.01 Short-term loan to related parties - 55,000,000.00 - 55,000,000.00 Deposit pledged as collateral Financial liabilities Bank overdrafts and short-term loans from the financial institutions - 63,755,123.84 9,156,986.60 340,430,000.00 - - 9,156,986.60 404,185,123.84 Trade notes payable - - 52,238,139.77 52,238,139.77 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 Liabilities under the finance lease agreement - 835,313.28 - 835,313.28 Long-term loans from financial institutions 1,025,700,933.75 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 36.4 Foreign currency risk As at December 31, 2018 and 2017, the Company has no exchange rate risk since it has no trade accounts receivable and accounts payable in foreign currency outstanding on the statement of financial position. The Company did not enter into forward contracts for hedging against exchange rate risk.

Interest Rate Risk. The Company and its subsidiaries have the significant interest rate risks in relation to deposit at the financial institutions, bank overdrafts and short-term loans from the financial institutions, long-term loans from the financial institutions, loan from the director and short-term loan from the related parties and companies. Interest rate risk arises from the interest rate changes, which cause damage to the Company and its subsidiaries in the current period and in the future. As at December 2018 2019 and 20172018, the significant financial assets and financial liabilities classified by types of interest rates were as follows: In Baht Consolidated Financial Statement Statements As at December 31, 2019 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 20,957,566.62 - 6,252,389.67 27,209,956.29 Short-term investments - 370,996.81 583,241.70 954,238.51 Trade account receivable - - 72,225.00 72,225.00 Deposit pledged as collateral - Financial liabilities 13,820,850.90 - 13,820,850.90 Bank overdrafts and short-term loans from the financial institutions 43,599,108.27 263,271,200.00 - 306,870,308.27 Trade notes payable - - 31,102,831.43 31,102,831.43 Trade accounts payable and other payable - - 80,749,267.50 80,749,267.50 Payable to related parties - - 37,698,592.56 37,698,592.56 Accrued expenses - - 18,915,558.16 18,915,558.16 Long-term loans from financial institutions 622,117,170.18 - - 622,117,170.18 Short-term loan from related parties - 219,000,000.00 - 219,000,000.00 Short-term loan from director - 2,500,000.00 - 2,500,000.00 In Baht Consolidated Financial Statements As at December 31, 2018 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 7,086,142.12 - 22,132,559.50 29,218,701.62 Short-term investments - 367,578.54 578,244.36 945,822.90 Trade account receivable - - - - Deposit pledged as collateral - Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 - 456,424,790.85 Trade notes payable - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,113,730.58 59,113,730.58 Payable to related parties - - 39,738,055.52 39,738,055.52 Accrued expenses - - 36,348,984.21 36,348,984.21 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 Long-term loans from financial institutions 557,716,968.93 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 230,000,000.00 - 230,000,000.00 Short-term loan from director - 3,000,000.00 - 3,000,000.00 Financial assets In Baht Consolidated Separate Financial Statement Statements As at December 31, 2017 Financial assets 2019 Floating Fixed Interest Total interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 10,630,243.60 237,547.86 11,084,118.21 21,951,909.67 13,246,330.23 - 5,948,296.31 19,194,626.54 Short-term investments - 126,655.54 574,902.47 701,558.01 Trade account receivable - - 64,200.00 64,200.00 129,175.73 583,241.70 712,417.43 Deposit pledged as collateral - Financial liabilities 9,156,986.60 13,820,850.90 - 9,156,986.60 13,820,850.90 Bank overdrafts and short-term loans from the financial institutions 63,755,123.84 340,430,000.00 43,599,108.27 263,271,200.00 - 404,185,123.84 306,870,308.27 Trade notes payable - - 48,970,139.77 48,970,139.77 31,102,831.43 31,102,831.43 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 79,548,187.39 79,548,187.39 Payable to related parties - - 42,640,694.10 42,640,694.10 37,797,083.55 37,797,083.55 Accrued expenses - - 38,227,949.00 38,227,949.00 Liabilities under the finance lease agreement - 835,313.28 - 835,313.28 16,484,703.54 16,484,703.54 Long-term loans from financial institutions 1,025,700,933.75 622,117,170.18 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 622,117,170.18 Short-term loan from related parties - 276,000,000.00 219,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 219,000,000.00 Financial assets In Baht Separate Financial Statement Statements As at December 31, 2018 Floating Fixed Interest Total interest rate interest rate - free Cash and cash equivalents 5,306,159.06 - 21,316,921.06 26,623,080.12 Short-term investments - 127,909.42 578,244.36 706,153.78 Short-term loan to related parties - - - - Deposit pledged as collateral - Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 - 456,424,790.85 Trade notes payable - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,107,730.58 59,107,730.58 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 Long-term loans from financial institutions 557,716,968.93 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 229,000,000.00 - 229,000,000.00 In Baht Separate Financial Statement As at December 31, 2017 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 8,793,933.28 - 10,958,728.22 19,752,661.50 Short-term investments - 126,655.54 574,902.47 701,558.01 Short-term loan to related parties - 55,000,000.00 - 55,000,000.00 Deposit pledged as collateral Financial liabilities Bank overdrafts and short-term loans from the financial institutions - 63,755,123.84 9,156,986.60 340,430,000.00 - - 9,156,986.60 404,185,123.84 Trade notes payable - - 52,238,139.77 52,238,139.77 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 Liabilities under the finance lease agreement - 835,313.28 - 835,313.28 Long-term loans from financial institutions 1,025,700,933.75 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 36.4 35.4 Foreign currency risk As at December 31, 2018 2019 and 20172018, the Company has no exchange rate risk since it has no trade accounts receivable and accounts payable in foreign currency outstanding on the statement of financial position. The Company did not enter into forward contracts for hedging against exchange rate risk.

Interest Rate Risk. The Company and its subsidiaries have the significant are exposed to interest rate risks in relation risk relates primarily to deposit its cash at the financial institutionsbanks, bank overdrafts and overdrafts, short-term loans from the financial institutions, and long-term loans from term. However, most of the Company’s financial institutionsassets and liabilities bear floating interest rates or fixed interest rates which are close to the market. However, loan from the director and short-term loan from management believed that the related parties and companies. Interest rate risk arises from the future fluctuation on market interest rate changeswould not provided significant effect to their operations and cash flows, which cause damage therefore; no financial derivative was adopted to the Company and its subsidiaries in the current period and in the futuremanage such risks. As at December 2018 31, 2019 and 20172018, the significant financial assets and financial liabilities classified by types of interest rates were as follows: In Baht Consolidated Financial Statement financial statements As at December 31, 2018 2019 Floating interest Fixed interest Non-interest Total Financial assets Floating interest rate Fixed interest rate Interest - free Total rates bearing Cash and cash equivalents 7,086,142.12 - 22,132,559.50 29,218,701.62 578,723,527 24,131,520 602,855,047 Trade receivables - - 592,595,058 592,595,058 Short-term investments loans to related parties - 367,578.54 578,244.36 945,822.90 Trade account receivable 305,125,000 - - - - Deposit 305,125,000 Fixed deposits pledged as collateral - 36,252,346 - 36,252,346 Investments - - 9,640,064,056 9,640,064,056 Long-term loans to related parties - 24,000,000 - 24,000,000 Long-term loans to other persons - 5,370,000 - 5,370,000 Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts overdarfts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 2,944,206 2,675,000,000 - 456,424,790.85 2,677,944,206 Trade notes payable payables - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,113,730.58 59,113,730.58 Payable to 342,149,832 342,149,832 Short-term loans from related parties - 633,053,818 - 39,738,055.52 39,738,055.52 Accrued expenses 633,053,818 Short-term loan from other persons - 70,800,000 - 36,348,984.21 36,348,984.21 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 70,800,000 Long-term loans from financial institutions 557,716,968.93 2,965,199,045 538,191,463 - 3,503,390,508 Liabilities under finance lease agreements - 13,245,019 - 13,245,019 Long-term loans from related parties - 176,000,000 - 176,000,000 Baht Consolidated financial statements As at December 31, 2018 Floating interest Fixed interest Non-interest Total Financial assets rate rates bearing Cash and cash equivalents - 296,561,130 10,559,408 307,120,538 Trade receivables - - 557,716,968.93 677,690,317 677,690,317 Short-term loans to related parties - 336,300,000 - 336,300,000 Fixed deposits pledged as collateral - 44,487,957 - 44,487,957 Investments - - 6,796,650,522 6,796,650,522 Long-term loans to related parties - 29,625,000 - 29,625,000 Long-term loans to other persons - 3,985,000 - 3,985,000 Financial liabilities Bank overdarfts and short-term loans from financial institutions 4,169,960 1,581,625,000 - 1,585,794,960 Trade payables - - 311,116,646 311,116,646 Short-term loans from related parties - 589,853,818 - 589,853,818 Short-term loan from other company persons - 48,161,777.52 68,400,000 - 48,161,777.52 Short-term loan from related parties - 230,000,000.00 - 230,000,000.00 Short-term loan from director - 3,000,000.00 - 3,000,000.00 In Baht Consolidated Financial Statement As at December 31, 2017 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 10,630,243.60 237,547.86 11,084,118.21 21,951,909.67 Short-term investments - 126,655.54 574,902.47 701,558.01 Trade account receivable - - 64,200.00 64,200.00 Deposit pledged as collateral - Financial liabilities 9,156,986.60 - 9,156,986.60 Bank overdrafts and short-term loans from the financial institutions 63,755,123.84 340,430,000.00 - 404,185,123.84 Trade notes payable - - 48,970,139.77 48,970,139.77 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 42,640,694.10 42,640,694.10 Accrued expenses - - 38,227,949.00 38,227,949.00 Liabilities under the finance lease agreement - 835,313.28 - 835,313.28 68,400,000 Long-term loans from financial institutions 1,025,700,933.75 1,068,192,382 1,037,161,716 - 2,105,354,098 Liabilities under finance lease agreements - 1,025,700,933.75 Short19,826,556 - 19,826,556 Long-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan loans from related parties - 276,000,000.00 192,000,000 - 276,000,000.00 192,000,000 Baht Separate financial statements As at December 31, 2019 Floating interest Fixed interest Non-interest Total rate rates bearing Financial assets Cash and cash equivalents - 67,829,150 2,517,769 70,346,919 Trade receivables - - 131,271,650 131,271,650 Short-term loan loans to related parties - 117,419,494 - 117,419,494 Investments - - 8,176,812,271 8,176,812,271 Financial liabilities Bank overdarfts and short-term loans from director financia institutions l - 16,900,000.00 2,045,000,000 - 16,900,000.00 Financial assets In 2,045,000,000 Trade payables - - 109,712,596 109,712,596 Long-term loans from financial institutions 1,285,060,950 538,191,463 - 1,823,252,413 Liabilities under finance lease agreements - 11,819,123 - 11,819,123 Long-term loans from related parties - 176,000,000 - 176,000,000 Baht Separate Financial Statement financial statements As at December 31, 2018 Floating interest Fixed Interest interest Non-interest Total interest Financial assets rate interest rate - free rates bearing Cash and cash equivalents 5,306,159.06 - 21,316,921.06 26,623,080.12 39,957,179 1,343,352 41,300,531 Trade receivables - - 129,772,592 129,772,592 Short-term investments - 127,909.42 578,244.36 706,153.78 Short-term loan loans to related parties - 108,000,000 - 108,000,000 Investments - - - Deposit pledged as collateral - 5,583,562,188 5,583,562,188 Financial liabilities 9,241,903.52 - 9,241,903.52 Bank overdrafts overdarfts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 - 456,424,790.85 915,000,000 - 915,000,000 Trade notes payable payables - - 24,301,426.51 24,301,426.51 Trade accounts payable and other payable - - 59,107,730.58 59,107,730.58 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 Liabilities under the finance lease agreement - 1,070.00 - 1,070.00 100,163,501 100,163,501 Long-term loans from financial institutions 557,716,968.93 30,500,000 1,037,161,716 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 229,000,000.00 - 229,000,000.00 In Baht Separate Financial Statement As at December 31, 2017 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 8,793,933.28 - 10,958,728.22 19,752,661.50 Short-term investments - 126,655.54 574,902.47 701,558.01 Short-term loan to related parties - 55,000,000.00 - 55,000,000.00 Deposit pledged as collateral Financial liabilities Bank overdrafts and short-term loans from the financial institutions - 63,755,123.84 9,156,986.60 340,430,000.00 - - 9,156,986.60 404,185,123.84 Trade notes payable - - 52,238,139.77 52,238,139.77 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 1,067,661,716 Liabilities under the finance lease agreement agreements - 835,313.28 17,174,825 - 835,313.28 17,174,825 Long-term loans from financial institutions 1,025,700,933.75 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 192,000,000 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 36.4 Foreign currency risk As at December 31, 2018 and 2017, the Company has no exchange rate risk since it has no trade accounts receivable and accounts payable in foreign currency outstanding on the statement of financial position. The Company did not enter into forward contracts for hedging against exchange rate risk.192,000,000

Interest Rate Risk. The Company and its subsidiaries have the significant interest rate risks in relation to deposit at the financial institutions, bank overdrafts and short-term loans from the financial institutions, long-term loans from the financial institutions, loan from the director and short-term loan from the related parties and companies. Interest rate risk arises from the interest rate changes, which cause damage to the Company and its subsidiaries in the current period and in the future. As at December 2018 2013 and 20172012, the significant financial assets and financial liabilities classified by types of interest rates were as follows: In Baht Consolidated Financial Statement As at December 31, 2018 2013 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 7,086,142.12 30,637,783.36 - 22,132,559.50 29,218,701.62 - 30,637,783.36 Short-term investments - 367,578.54 578,244.36 945,822.90 119,810.61 549,746.84 669,557.45 Trade account accounts receivable - - - - 24,682,940.05 24,682,940.05 Deposit pledged as collateral - Financial liabilities 9,241,903.52 9,011,765.26 - 9,241,903.52 9,011,765.26 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 173,801,251.29 - 456,424,790.85 - 173,801,251.29 Trade notes payable - - 24,301,426.51 24,301,426.51 50,320,193.94 50,320,193.94 Trade accounts payable and other payable - - 59,113,730.58 59,113,730.58 Payable to related parties - - 39,738,055.52 39,738,055.52 Accrued expenses - - 36,348,984.21 36,348,984.21 103,136,704.27 103,136,704.27 Liabilities under the finance lease agreement - 1,070.00 1,630,494.12 - 1,070.00 1,630,494.12 Long-term loans from financial institutions 557,716,968.93 1,397,242,831.86 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 230,000,000.00 - 230,000,000.00 Short-term loan from director - 3,000,000.00 - 3,000,000.00 1,397,242,831.86 In Baht Consolidated Financial Statement As at December 31, 2017 2012 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 10,630,243.60 237,547.86 11,084,118.21 21,951,909.67 45,115,272.12 - - 45,115,272.12 Short-term investments - 126,655.54 574,902.47 701,558.01 117,199.98 538,718.91 655,918.89 Trade account accounts receivable - - 64,200.00 64,200.00 8,325,815.23 8,325,815.23 Deposit pledged as collateral - Financial liabilities 9,156,986.60 - 9,156,986.60 Bank overdrafts and short-term loans - 1,111,366.71 - 1,111,366.71 from the financial institutions 63,755,123.84 340,430,000.00 215,033,694.88 - 404,185,123.84 - 215,033,694.88 Trade notes payable - - 48,970,139.77 48,970,139.77 46,738,547.54 46,738,547.54 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 42,640,694.10 42,640,694.10 Accrued expenses - - 38,227,949.00 38,227,949.00 78,195,432.47 78,195,432.47 Liabilities under the finance lease agreement - 835,313.28 502,237.32 - 835,313.28 502,237.32 Long-term loans from financial institutions 1,025,700,933.75 771,368,584.88 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 771,368,584.88 Financial assets In Baht Separate Financial Statement As at December 31, 2018 2013 Floating Fixed Interest Total interest rate interest rate - free Cash and cash equivalents 5,306,159.06 26,859,931.53 - 21,316,921.06 26,623,080.12 - 26,859,931.53 Short-term investments - 127,909.42 578,244.36 706,153.78 Short-term loan to related parties - - - - 119,810.61 549,746.84 669,557.45 Deposit pledged as collateral - Financial liabilities 9,241,903.52 8,785,356.39 - 9,241,903.52 8,785,356.39 Bank overdrafts and short-term loans from the financial institutions 37,255,899.85 419,168,891.00 173,801,251.29 - 456,424,790.85 - 173,801,251.29 Trade notes payable - - 24,301,426.51 24,301,426.51 50,320,193.94 50,320,193.94 Trade accounts payable and other payable - - 59,107,730.58 59,107,730.58 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 100,417,570.39 100,417,570.39 Liabilities under the finance lease agreement - 1,070.00 1,630,494.12 - 1,070.00 1,630,494.12 Long-term loans from financial institutions 557,716,968.93 1,397,242,831.86 - - 557,716,968.93 Short-term loan from other company - 48,161,777.52 - 48,161,777.52 Short-term loan from related parties - 229,000,000.00 - 229,000,000.00 1,397,242,831.86 In Baht Separate Financial Statement Financial assets As at December 31, 2017 Financial assets 2012 Floating Fixed Interest Total interest rate Fixed interest rate Interest - free Total Cash and cash equivalents 8,793,933.28 38,363,227.19 - 10,958,728.22 19,752,661.50 - 38,363,227.19 Short-term investments - 126,655.54 574,902.47 701,558.01 Short-term loan to related parties - 55,000,000.00 - 55,000,000.00 117,199.98 538,718.91 655,918.89 Deposit pledged as collateral - Financial liabilities 889,340.40 - 889,340.40 Bank overdrafts and short-term loans from the financial finance institutions - 63,755,123.84 9,156,986.60 340,430,000.00 215,033,694.88 - - 9,156,986.60 404,185,123.84 215,033,694.88 Trade notes payable - - 52,238,139.77 52,238,139.77 45,483,896.49 45,483,896.49 Trade accounts payable and other payable - - 85,714,256.91 85,714,256.91 Payable to related parties - - 41,355,320.57 41,355,320.57 Accrued expenses - - 35,371,981.40 35,371,981.40 75,939,535.87 75,939,535.87 Liabilities under the finance lease agreement - 835,313.28 502,237.32 - 835,313.28 502,237.32 Long-term loans from financial institutions 1,025,700,933.75 771,368,584.88 - - 1,025,700,933.75 Short-term loan from other company - 162,125,422.40 - 162,125,422.40 Short-term loan from related parties - 276,000,000.00 - 276,000,000.00 Short-term loan from director - 16,900,000.00 - 16,900,000.00 36.4 771,368,584.88 23.4 Foreign currency risk As at December 31, 2018 2013 and 20172012, the Company has no exchange rate risk since it has no trade accounts receivable and accounts payable in foreign currency outstanding on the statement of financial position. The Company did not enter into forward contracts for hedging against exchange rate risk.