parties as the result of loan repayment from the joint venture. However the Company had the increase of payments of investments in associates of THB 678.8 mm. 3. Cash flows from financing activities The

200.41 15.10 271.24 9.96 194.55 14.50 77.01 38.43 Administrative expenses 88.77 3.28 51.79 3.90 88.57 3.25 50.95 3.80 36.98 71.40 Profit before financing costs and income tax expense 577.35 21.32 203.93

Selling expenses 70.44 15.72 41.15 11.90 67.31 14.79 39.74 11.38 29.29 71.18 Administrative expenses 11.06 2.47 10.36 3.00 10.91 2.40 10.31 2.95 0.70 6.76 Profit before financing costs and income tax

Group had cash flow used in financing activities of Baht 189.6 million due to the repayment of long-term loans to financial institutions, short-term loans from related parties, lease liabilities, and

expense grouping methodology, which are now grouped by department. Financing expenses decreased compared to the same period in 2016 mainly due to continuing debt repayment and a lower remaining principle

, repayment to loans, and dividend paid. 2. Liabilities As of 31 December 2019, the Company’s liabilities totaled Baht 247.15 million, decreased by Baht 45.42 million from 2018 as a result of paying to

additional investments in associated companies, loan to an associated company and purchase of fixed assets. Net cash used in financing activities was Baht 5,724.09 million, most of which came from repayment of

%) (48.54) (12.28%) 5.79 13.54% Other Expenses (1.39) (0.31%) (12.77) (3.23%) 11.38 818.71% - EBIT 88.79 19.73% 55.44 14.02% (33.35) (37.56%) Financing cost (37.47) (8.33%) (18.46) (4.67%) (19.01) (50.73

) -12.97% 15.50 18.31% Other Expenses (9.29) -0.93% (20.58) -2.66% 11.29 121.53% - EBIT 231.81 23.19% 99.30 12.86% (132.51) -57.16% Financing cost (75.29) -7.53% (38.63) -5.00% (36.66) -48.69% EBT 156.52

second phase of Hydrant pipeline system expansion project Page 5 of 6 - Net cash used for financing activities was of Bt160.3 million, decreased by Bt2,589.8 million or 106.6%. Due to the Group had drawn