adjustment was 100,000 barrels per day to 1.20 million barrels per day. Averaged Dubai crude price in Q2/2019 rose by 4.14 $/BBL compared to Q1/2019, with pressure from concerns that global crude supply would
1,402.06 million. The main reasons were from dividend income in the amount of Baht 2,096.16 million and exchange rate adjustment in the amount of Baht 1,101.04 million. On the other hand, the share of profit
financial institutions of THB 960mn, which was partially offset by repayment of long-term loans from financial institutions of THB (420)mn. * Others includes translation adjustment and cash & cash equivalents
from higher cost of partnership with TOT and depreciation. • Regulatory fee was Bt1,398mn, decreasing 15% YoY from USO fee rate adjustment since Jun-17. QoQ, regulatory fee dropped 5.2% from deductible
million was from the share of profit of investment in associates, (2) an increase in available-for-sale investment of THB 17 million resulting from the fair value adjustment, and (3) a decrease of THB 62
more than 3,000 million Baht. Accordingly, the Company decided to dispose its assets in order to use that cash flow to solve its debt. Consequently, the Company recognized the adjustment between the fair
from higher advertising and promotional spending as well as higher administrative expenses (+THB 153.0 million or +17.7% YoY) which was was driven by last year’s one-time adjustment from partial reversal
translation adjustment and cash & cash equivalents of subsidiaries which classify as assets held for sale MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31
million, the adjustment for non- cash items, a decline in accounts payable, an increasing of accounts receivable and inventories. The Company had cash from investing activities of THB 224 million caused by
thrives afterwards. Performance Summary Consolidated Statement of Comprehensive Income Note: (1) Excluded unrealized gain from foreign exchange rate on convertible bond, gain from fair value adjustment on