THB 13.6 mm or 7.9%, mainly due to the dividend received from HREIT during 2017 versus net cash paid from HREIT was in the form of capital reduction during 2018.  Other income for 3 months and 6 months

management by investing the mutual funds. 2. Increase in investments in associates of THB 1,022.5 mm due to raising of share of profit from investments in associates and capital increase in associates

of THB 768.7 mm due to raising of share of profit from investments in associates and capital increase in associates proportionately. 3. Increase in investments in joint ventures of THB 152.1 mm, due to

associates and capital increase in associates proportionately. 2. Increase in investments in joint ventures of THB 300.6 mm, due to capital increase in joint ventures proportionately. 3. Increase in investment

for year 2019 and 2018 amounted to THB 348 million and THB 475 million, respectively. The decrease of financial costs of THB 127 million mainly resulted from reduction in working capital due to

the industrial land during this period as well. 4. Increase in investments in associates of THB 2,411.5 mm due to raising of share of profit from investments in associates and capital increase in

resulted from reduction in working capital due to termination of tolling and repayment of short-term loan USD 20 million from the cash received from Right-offering received in previous quarter.  Gain from

Q3’17 (and 9M17) to 1.98 times in Q3’18 (and 9M18) mostly due to capital raising in Q3’18. Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18

to make the payment the asset) X 100/ Paid up share capital Not applicable due to the transaction nature being the asset purchase without issuing shares The acquisition of the ordinary shares of WCIH

, decreased by Baht 57 million compared to cash flows used in investing activities of Baht 179 million for Q1’ 2017. It is due to the reduction of capital expenditures for the improvement and construction of