2014. Due to decreased in Biodiesel production as mentioned above and the Company used most of its by-products as raw materials in B100 production to reduce Biodiesel’s production cost, which made

items: 1) Net cash received from Operating Activities totaling Baht 478.68 million Baht from the net income netting off with the changes in assets and liabilities from operations 2) Net cash used in

704 (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2019 7 Cash used in investing activities mainly resulted from payment for the M&E

number of tourist has increased, the traffic volume of the urban expressway slightly increased because the expressway users used the alternative routes due to the impact of the incompleted other projects

following items: 1) Net cash received from Operating Activities totaling Baht 1,133.15 million Baht from the net income netting off with the changes in assets and liabilities from operations. 2) Net cash used

be used for calculation because the Company suffers net loss. N/A Consideration paid basis THB 531 million 3/ THB 1,632.33 million 4/ 32.53 Issuance of securities basis - - Remarks 1. The value of

develops applications for payment for goods and services through information technology and mobile. Currently, the application is ready to be used by customers. This will benefit the company immediately

used in Value Measurement The price negotiation between the buyer and seller is referred to the appraisal of Sasirachada Co., Ltd. which determines the project value by using the cost approach and income

Company and its subsidiaries generated cash flows from operating activities amounting to Baht 5,438 Million. Cash used in investing activities amounting to Baht 2,750 million detailed as follow; (1) paid

shares, 10.01% of TSE’s issued and paid-up capital. The total of value of assets disposed is 925.11 Million baht. 7. Basis used to determine the value of consideration The value of consideration is