. Significant changes included a cash and cash equivalents was decrease Baht 137.87 million, due to payment to contractor and other expense for the new office and warehouse of Baht 34.75 million, Purchase a fixed
951 22 1,267 26 (316) (25) 1,111 24 (160) (14) Variable Costs (485) (11) (421) (9) (64) 15 (495) (11) 10 (2) Fixed Costs (130) (3) (137) (3) 7 (5) (126) (3) (4) 3 Stock Gain/(Loss) (149) (4) (407) (8
60 6 Variable Costs (472) (13) (468) (9) (4) 1 (485) (11) 13 (3) Fixed Costs (138) (4) (130) (3) (8) 6 (130) (3) (8) 6 Stock Gain/(Loss) (57) (2) (161) (3) 104 (65) (149) (4) 92 (62) SG&A (73) (2) (72
activities Cash flow used in investing activities increased Baht 200.36 million compared with the previous year. In 2016, has a lot of investment in fixed assets such as property, building for new office and
Equity (%) 15.32% 17.67% 23.26% Return on Assets (%) 10.66% 12.25% 16.37% Return on fixed assets (%) 89.99% 116.94% 161.08% Asset turnover times 1.09 1.06 1.17 Financial Policy Ratios Debt to Equity times
renewal under the existing Agreements Revision of fixed toll rates every 10 years from September 1, 2018 for the Second Stage Expressway Agreement, and revision of toll rates every 10 years from November 1
Return on fixed assets5 (%) 124.9% 65.7% Debt to equity (times) 0.0 0.4 Asset turnover 0.7 0.6 6 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017
on equity3 (%) 18.0% 11.8% Payable days (days) 157 186 Efficiency Ratios Leverage Ratios Return on assets4 (%) 16.4% 10.3% Liability to Equity (times) 0.5 0.5 Return on fixed assets5 (%) 79.4% 50.3
Equity (times) 0.4 0.3 Return on fixed assets5 (%) 62.4% 79.4% Debt to equity (times) 0.0 0.1 Asset turnover (times) 0.4 0.6 7 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31
collection period7 (days) 70 182 Return on equity3 (%) 15.7% 13.4% Payable days (days) 103 186 Efficiency Ratios Leverage Ratios Return on assets4 (%) 13.1% 12.0% Liability to Equity (times) 0.6 0.4 Return on