million), payable in advance by the sub-lessee to the sub- lessor on a yearly basis. Ownership of Buildings Any buildings constructed by the sub-lessee on the sub-leased land, or any modifications or
adjustments 11 FEB 2019 7 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) KEY FINANCIAL RATIOS 1 Calculated from operating revenue 2 Net Profit attributable to equity
: Million Baht Jan - Dec 2019 Cash flows from operating activities Net profit (Loss) for the period (1,353) Adjustments for Depreciation and amortization 900 Work roll amortisation 74 Interest income (20
adjustments of investment properties -3.5 0.0% 6.1 0.1% 9.6 -274.3% Reversal (loss) from impairment of assets -13.3 -0.1% 9.9 0.1% 23.2 -174.4% Profit before Expenses 3,201.4 25.5% 3,789.7 33.4% 588.3 18.4
: Million Baht Jan - Jun 2017 Cash flows from operating activities Net profit (Loss) for the period 734 Adjustments for Depreciation and amortization 459 Work roll amortisation 50 Interest income (4) Finance
operating activities Net profit (Loss) for the period 1,228 Adjustments for Depreciation and amortization 943 Interest income (2) Finance costs 497 Unrealised loss (gain) on foreign exchange (594) Unrealized
17,813 (3%) Management’s Discussion and Analysis (MD&A) For Q3/2017 16 Unit : Million Baht Jan -Sep 2017 Cash flows from operating activities Net profit (Loss) for the period 799 Adjustments for
Baht Jan -Dec 2017 Cash flows from operating activities Net profit (Loss) for the period 987,215 Adjustments for Depreciation and amortization 926,259 Work roll amortisation 107,198 Interest income
2017 (Revised) 17 Unit : Million Baht Jan -Dec 2017 Cash flows from operating activities Net profit (Loss) for the period 990 Adjustments for Depreciation and amortization 926 Work roll amortisation 107
Discussion and Analysis (MD&A) for year 2018 Unit : Million Baht Jan - Dec 2018 Cash flows from operating activities Net profit (Loss) for the period (836) Adjustments for Depreciation and amortization 882