of rise of equipment account of the subsidiary related to the business operation of producing and broadcasting business news programs under the brand JKN-CNBC, which started broadcasting in July 2019

institution 1.00 1.01 1.03 Investments in subsidiaries - - 382.40 Leasehold improvement, vehicle and equipment 2.14 2.89 2.24 Intangible assets 0.29 0.22 0.13 Deferred tax assets 0.00 0.40 0.40 Deposits 0.51

+ account receivable) / Current liabilities ) GPSC - Q2/2020 Management Discussion and Analysis (MD&A) 20 Project updates: The project progress has reached 96%. The procurement of machinery and equipment is

– cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA for the previous 4 quarters 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2020 and Q4 2019) of property, plant and equipment Mr

2020, the company and its subsidiaries recorded a cash outflow in investing activities of 2.49Mb. This included 1.95 Mb restricted cash for Letter of guarantees and purchasing of Office Equipment of 0.54

resulted from payment for the M&E equipment of the MRT Blue Line Extension Project in the amount of Baht 3,065 Million, payment for constructions of the expressway and fixed asset for the operation in the

2 Comprising investment in subsidiary companies and associated companies, real estate for investment, land, building and equipment, goodwill, non-tangible assets, lease hold, deferred tax assets

the proceeds of initial public offering after deducting the repayment of loans from commercial banks. and (2) an increase of property plants and equipment which was related to the branch expansion

(30.69) (44.72) Inventories 110.48 127.25 16.77 15.18 Property, plant and equipment 182.56 175.56 (7.00) (3.83) Other non-current assets 2.59 3.82 1.23 47.49 Total Liabilities 114.35 79.16 (35.19) (30.77

period 692 Cash used in investing activities mainly resulted from payment for the M&E equipment of the MRT Blue Line Project in the amount of Baht 5,865 Million. Cash from financing activities resulted