translation adjustment and cash & cash equivalents of subsidiaries which classify as assets held for sale MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31
standards was recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact of the adoption on the consolidated statement of financial
cash and cash equivalents, receivables under finance lease increased by Baht 105.6 million from the adjustment of exchange rates. Inventories increased by Baht 72.0 million due to the change of fuel
million or 15.4% due to an increase of Baht 514.5 million in cash and cash equivalents, receivables under finance lease increased by Baht 49.1 million from the adjustment of exchange rates. Inventories
million from the adjustment of exchange rates. Inventories increased by Baht 134.7 million. Restricted deposits at financial institutions increased by Baht 202.0 million. Investment properties increased by
million or 10.7% due to trade and other receivables increased by Baht 217.6 million and receivables under finance lease increased by Baht 157.7 million from the adjustment of exchange rates. Inventories
adjustment of exchange rates. Inventories increased by Baht 129.5 million. Restricted deposits at financial institutions increased by Baht 158.0 million. Investment properties increased by Baht 65.8 million
) Price adjustment of Portugal operation started to reflect since Q3 2022 onward 3) New model launch and adding of new brands to our dealership portfolio. Selling and administrative expenses decreased by
, new model, new product and continued order from overseas customer of auto parts manufacturing business in Thailand. 2) Price adjustment of Portugal operation started to reflect since Q3 2022 onward 3
Management of the Thailand Future Fund, as the case may be. 7 Clause 8 In offering newly issued bonds for sale under Part 2 and in the distribution of newly issued convertible bonds and underlying shares in a