expenditures are at a high level. The government's capital expenditure expanded mainly in line with the disbursement of transport agencies. However, the overall performance of the company in Q2–2021 showed that
that bolstered purchasing power. Government expenditure also plays important role in sustaining the economy with fixed expenses continuing to expand in comparison to the same period last year, especially
increase in the first quarter more than offsetting the abovementioned. For the 12 months ended 31 December 2018, capital expenditure for U City was THB 1,480mn, an increase of 190.2% or THB 970mn, primarily
considerably low at 0.27 time, slightly decreased from 0.30 time in 2017. In summary, the Company had appropriate capital structure. Capital Expenditure and Capital Resource In 2018, the Company made an
decreased from 0.27 time in 2018. In summary, the Company had appropriate capital structure. GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 9 of 14 Capital Expenditure
) Interest Coverage = (Cash Flow from Operations + Interest Expenses + Tax) / Interest Expenses 22) Debt Service Coverage = EBITDA / (Debt Payment + Capital Expenditure + Investment in Fixed Assets + Dividend
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