recorded a share of profit from its associate Company (OKEA AS) of THB 8 million from the production of Draugen and Gjoa oil field in the amount of 19.4 and 87.4 thousand barrels per day, respectively (8.6
3,952 million or 7% from 31 December 2017, mainly from the increase in cash and cash equivalents, the investments according to the additional paid up in the capital of GPSC’s associate, and the increase
acquired on 4 September 2018 to lease and manage two hotels in Munich, Germany, (ii) a share of profit of THB 11mn from Absolute Hotel Services (AHS), (iii) MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019
of fund Operating cash flow 57,801 Net CAPEX & Fixed assets 12,064 Proceed from capital reduction of investment in an associate 532 Net borrowings payment 11,685 Interest received 110 Dividend paid
of fund Operating cash flow 57,801 Net CAPEX & Fixed assets 12,064 Proceed from capital reduction of investment in an associate 532 Net borrowings payment 11,685 Interest received 110 Dividend paid
expenses (9.16) (9.48) (0.32) 3.55% (20.45) (17.26) 3.19 -15.59% Share of gain of investments in associate 0.04 2.86 2.82 7803.29% 0.07 2.89 2.82 4130.50% Finance costs (0.08) (0.07) 0.01 -11.94% (0.16
associate 0.03 (0.04) (0.08) -223.42% 0.10 2.85 2.75 2679.11% Finance costs (0.09) (0.04) 0.04 -51.31% (0.25) (0.18) 0.07 -29.06% Profit before income tax expense 26.74 10.95 (15.79) -59.07% 85.08 51.63
decreased because of the disposal of investment in associate (Well Korat Energy Co., Ltd.) on 30 June 2016, which recognized gain on sales amounting to 25.42 Million Baht for Q2’16. 6. Administrative expense
211 186 25 13.4% Interest and Tax expenses 36 42 (6) -14.3% Share of profit from associate and JV 68 31 37 119.4% Net Profit attributable to equity holders 315 123 192 156.1% Total Revenues Total
the liquidation of Solvay Biochemicals (Taixing) Limited were fully booked in 2017. 4. 93 MB loss on dilution on investment in an associate was recorded from the change in the Company’s ownership