1,848per ton in 2017. Management’s Discussion and Analysis (MD&A) for year 2017 2 As the result of EGM holding on 30 August 2017, the shareholders voted down the Debt Equity conversion. On 13 November 2017

Net cash flows provided by (used in) financing activities (324) Net increase (decrease) in cash and cash equivalents (32) Cash and cash equivalents at 1 January 623 Cash and cash equivalents decrease on

activities (9,015.14) Net cash from financing activities 3,789.82 Effect of exchange rate changes on cash and cash equivalents 464.54 Net cash increase during the year 2,407.79 4.1 Net cash from operating

GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

to net realizable value based on inventory aging; and higher employee benefit obligations under severance pay of Baht 20 million for employees serving 20 years or more from 300 to 400 days, according

operating activities 5,589.24 Net cash used in investing activities (4,749.60) Net cash used in financing activities (7,434.14) Effect of exchange rate changes on cash and cash equivalents (183.59) Net cash

GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 1 of 14 Management Discussion and Analysis This MD&A report has been prepared based on the consolidated of GFPT

Ref. DBP. 099 / 2017 August 15, 2017 Subject : Clarification on

latter decreased in production due to the adjustment stock management to suitable with the decrease in HRC market price worldwide. - Gain on exchange rate was achieved of THB 193 million in Q2-2017, which

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the