capital to marking our core mobile leadership and expanding other businesses. As process digitization continues, operating expense is expected to be controlled, offset by the cost to support network growth

sales of current investments of THB 10mn. Net cash received from financing activities was THB 405mn. The key components are cash received from 1) RO proceeds of THB 328mn and capital increasing in VGI

revenue (%) 27.31% 29.59% Performance Ratio Return on Equity (ROE) (%) 10.82% 10.63% Return on Assets (ROA) (%) 5.78% 5.57% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.84 0.86 Debt

gradually received payments from installation and delivery of products from project sales; (3) lower available-for-sale investments for working capital; (4) decreased property, plant, and equipment from

of 2017, the Company had a short-term loan for purpose of increasing working capital. 5. Performance of the Company and its Subsidiaries Management’s Discussion and Analysis (MD&A) For Q1/2018 11

of THB 144mn, being adjusted by 1) an increase in net non-cash reconciling items of THB 79mn and (2) an increase in net working capital of THB 102mn. After deducting net cash paid for corporate income

respectively. The increased of financial costs of THB 48 million resulted from the Company had a short-term loan for purpose of increasing working capital commencing in 4th Quarter of 2017.  Loss from exchange

of increased registered capital amount Baht 23.66 million, due to from offering for sales of common shares and warrants (FVC-W1) at Baht 11.90 million and stock dividend amounting Baht 11.76 million

รด้านบญัชีและการเงิน ต้นทุนทางการเงนิเฉลยี ของเงนิทุน (Weighted Average Cost of Capital: WACC) : 12.25% สมมติฐานทใีช้ในการคํานวณวิธีเปรียบเทียบอตัราสว่นมลูค่าของธุรกิจทีใกล้เคียงกันทีซือขายอยู่ในตลาด หล

in Rabbit LINE Pay ( RLP) and dividend of Bt21,852mn. To support capital required, net borrowings of Bt3,442mn were issued. In summary, outstanding cash remained at Bt8,247mn. 4 3Q18 MD&A Advanced Info