profit and loss of the project in the future including evaluating business risks. However, based on the opinion of financial advisor, Absoluted Advisory Company Limited chose the discount cash flow

from the processing mentioned above, The Company will use the budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors and Audit

budget from cash flow in our business process and those Loan from Financial institution. 9. Opinion of the Board of Directors and Audit committee All directors and Audit committee is totally agree that

งวด 27.13 64.31 กระแสเงนิสดจากการด าเนินงานต่อส่วนของผู้ถือหุ้น เพิ่มขึน้ (ลดลง) (%) CFROE : Cash Flow Return on Equity 52.88% 42.68% กลุม่บริษัทมีเงินสดสทุธิได้มาจากกิจกรรมด าเนินงานในไตรมาสที่ 1/2561จ

2Q2018 versus Foreign Exchange Gain of Baht 98.9 million in 2Q2017. However, these Foreign Exchange Gain (Loss) mainly were an accounting item that has no effect on cash flow (Unrealized Foreign Exchange

Flow Methods with the rate of return on investment by 10% and the Company expects that after the acquisition the company will start the packaging as a policy to expand the business. 8 7. Benefit to the

ประเมินมูลค่ำนัน้มีกำรพิจำรณำจำกกำรคิดลดมูลค่ำกระแสเงินสด (Discounted cash flow) มูลค่ำ สินทรัพย์ตำมรำคำตลำดกรณีมีกำรซือ้ทดแทน (Replacement value) มูลค่ำตำมบญัชี (Book Value) และมูลค่ำตำม รำคำตลำด (Market

interest income of THB 8 million. The Company had cash flow spending for financial activities of THB 25 million, which was spent for financial lease and interest payment. P a g e | 13 - Management Discussion

(ลดลง) (%) CFROE : Cash Flow Return on Equity 49.23% 46.60% กลุ่มบริษัทมีเงินสดสุทธิได้มาจากกิจกรรมดำเนินงานในไตรมาสที่ 1/2563 จำนวน 291.08 ล้านบาท ซึ่งสูงกว่า กำไรสุทธิก่อนภาษีเงินได้นิติบุคคล 81.31

– cash flow hedges ▪ Unrecognised change in fair value ▪ Recognised in OCI (Other Comprehensive Income) THB 40.5 million The financial reporting standards relate to leases standard (TFRS 16) Previously