254 million compared to that of the prior year amounting to Baht 477 million. It was due to the decrease of capital expenditures for purchase of top-up kiosk of one of the subsidiaries. Cash flows used

388 million or 8.5% from Baht 4,571 million as at 31 December 2018, mainly due to capital raised through IPO and the operating profit during 2019. 5,969 5,762 2,379 2,257 1,494 1,451 1,109 1,155 308 388

, the Company had equity attributable to owners of the parent of Baht 4,830 million, increased by Baht 259 million or 5.7% from Baht 4,571 million as at 31 December 2018 mainly due to capital raised

other currencies in the same region, due to capital outflow from emerging countries, including Thailand, to developed nations such as United states, (Source: SCB Economic Intelligence center). In the

THB 136.65 million or 85.22% increase from the previous year (2017: THB 160.35 million) mainly due to increase in paid-up capital following Initial Public Offering of 80 million additional shares

of 2,262 million Baht. This was mainly due to the proceeds from the capital increase from the ordinary shares issuance to the private placement and the existing shareholders. While in Q2 2018, 4 | P a

leasehold rights of THB 361mn (leasehold hotels acquired) Mostly due to the capital increase in the first quarter: (vii) an increase in cash and cash equivalents of THB 1,414mn (viii) an increase in current

improvement of the unemployment rate, compared from the previous quarter. In addition, in term of the currency, Thai Baht and other currencies get stronger again US Dollar. However, due to the capital, and

, compared from the previous quarter. In addition, in term of the currency, Thai Baht and other currencies get stronger again US Dollar. However, due to the capital, and investment start to flow back to USA

due to THB appreciation. CAPITAL STRUCTURE As of 31 December 2019, U City’s total Interest-Bearing Debt was THB 17,595mn, decreasing THB 2,749mn from THB 20,344mn in 2018. The decrease resulted from the