the reality of the useful life based on equivalent machines which has kept depreciation flat vs the same period 2017. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD

) Cash and Cash equivalent 62 84 403 406 57 59 505 598 70 531,097 1,200 Dec-18 Sep31 Dec 1931 Dec 18 6% 37% 5% 6% 46%Land, Property and Equipment Other current assets Short-term Investment Other non

0. 5 percent mainly due to decrease in cash, cash equivalent, temporary investment and inventories at Baht 4 million, Baht 4 million and Baht 12 million consequently while trade receivables and other

- - 2022 - 12,636 - - 2023 7,820 6,400 - - 2024 6,638 - - - 2025 - - - - 2026 7,180 - - - Financial Position (Bt mn/% to total asset) 4Q16 1Q17 Cash & cash equivalent 11,226 4.1% 10,082 3.6% Bank dep. & ST

Co., Ltd. On 14 July 2017, CPN purchases 26 mn shares in Dara Harbour Co., Ltd. held by Property Perfect Public Company Limited (“PF”), equivalent to 65% from the total shares of 40 mn shares for THB

million based on loans from financial institutions. Our interest-bearing debt therefore amounted to THB 2,145 million or equivalent to the ratio of interest-bearing debts to total equity of 0.31 times, up

amounted to THB 2,145 million or equivalent to the ratio of interest-bearing debts to total equity of 0.31 times, up from 0.14 times as of 31 December 2016. Our ratio of debts to total equity was 0.64 times

venture of 8,372.9 Million baht, cash and cash equivalent of 2,313.8 Million Baht and long-term loans to related party of 1,909.3 Million Baht which was mainly from fund flow of Apollo’s deal, real estate

price calculated based on and consideration of the effect, in proportion of shareholdings, to the shareholders on offering the newly issued shares to the existing shareholders) (which equivalent to THB

of Bt40-45bn. As a result, free cash flow was Bt12,940mn. Net increase in borrowing was Bt10,160mn. However, cash decreased from the dividend paid of Bt23,190mn. As a result, cash and cash equivalent