This paper describes an investigation into the financial structure of the manufacturing corporate sector of
Thailand before and after the economic crisis. The structure is important for financial statement analysts who
are often concerned with changes over time in the relative shares of the financial statement items. Decomposition
analysis has been used for measuring the relative shares. It is found that the decomposition measures are higher
after the economic crisis. The total liabilities decomposition measure was found higher as compared to the total
assets decomposition measure before the crisis and lower in many cases after the crisis. Industry variations do
not provide any systematic explanations for this variation.