represented the Company’s book value per share at 17.61 and debt to equity ratio (D/E ratio) at 0.34 times. Cash Flow As at December 31, 2017, the Company had cash received from the operating activities around

was 62.0 million baht due to the company has been considered the recoverable amount based on cash flow projection form financial budgets of subsidiary company. Loss on impairment of equipment and

own cash flow to fund the Project. (10) Opinion of the Board of Directors concerning the decision to enter into the transaction : The Company’s Board of Directors has an opinion that the transaction

17.69 and debt to equity ratio (D/E ratio) at 0.37 times. Cash Flow As at March 31, 2019, the Company had cash received from the operating activities around 72.70 million baht, fell by 232.53 million baht

298.47 million. In addition, the cash flow hedge reserve decreased equity in the amount of Baht 276.10 million. Management Discussion and Analysis For the 1st Quarter Ended 31 March, 2019 Page 8 4

million baht. 6. Source of fund for asset acquired. The company‟s cash flow and/or Promissory Note amount 40 millions. 7. Criteria to determine the Value of Consideration. The company has decided to hire

to 1.56 times, respectively, with a decrease in inventory holding period from the same period of the last year were 115 days and 116 days. Cash flow received from operating activities decreased from

0.78 times and from 1.53 times to 1.56 times, respectively, with a decrease in inventory holding period from the same period of the last year were 115 days and 116 days. Cash flow received from operating

, decreased by 61.75 million baht. These represented the Company’s book value per share at 17.67 and debt to equity ratio (D/E ratio) at 0.36 times. Cash Flow As at June 30, 2019, the Company had cash received

projects and 8 project is pending so the SUTG company value decreases to 250.05 million baht by discounted cash flow method which is lower than offer to buy so that this offer is suitable and lower risk of