amount of net cash flows used in operating activities was 90.3 million baht. The major movement was due to a decreasing amount of unearned income. Cash flows from investing activities As of 31 March 2020

and cross-border movement restriction will continue to push for telecom demand. However, potential rise in unemployment and businesses shutdown could post a negative outlook for telecom . In addition to

network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement. The regulatory

from higher network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement

, increasing 16% YoY and 3.3% QoQ, in line with core service revenue movement. The regulatory fee as a percentage of core service revenue was 4.0%. • Depreciation & amortization was at Bt15,052mn, increasing 21

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the current reported period. The cost of sales is impacted by inventory

overall financial conditions remained accommodative to economic expansion, with high liquidity in the financial system and low government bond yields and effective interest rates. Although the movement of

gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw mate- rials and products from the end of the previous reported period to the end of the

Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the