(decrease) in cash and cash equivalents 5 326 -99% Cash and cash equivalents at beginning of periods 122 100 +22% Cash and cash equivalents at end of periods 127 426 -70% Page 6 In Q1/2019, the Company and

increase (decrease) in cash and cash equivalents 5 326 -99% Cash and cash equivalents at beginning of periods 122 100 +22% Cash and cash equivalents at end of periods 127 426 -70% Page 6 In Q1/2019, the

. 8. The sources of funds to be used for implementation At the beginning of the development, the Company plans to use the working capital from the operation. Subsequently in the next phase, the Company

has risen since the beginning of this year, there is loss on exchange rate for this period. Expenses Selling and service Expenses Baht Million 2018 2019 +/(-) +/(-) % Expense from Event 10.03 2.68 (7.35

flows from (used in) financing activities (38,053) 62,502 (62,774) 151,922 Net decrease in cash and cash equivalents (16,584) (26,000) (14,849) (31,224) Cash and cash equivalents at beginning of the

million baht due to being in the beginning and expanding period. Expenses of GWM increased from the same period of last year by 3.37 million baht and expenses of NCL Singapore subsidiary increased by 1.92

shareholders equity 1,386.50 1,444.30 -57.80 -4% Unit: Million Thai Baht (THB) H1 2019 YTD H1 2018 YTD YoY change YoY % change Cash and cash equivalents at beginning of period 38.85 50.34 -11.49 -23% Net cash

of THB 44mn and dividends paid of THB 11mn. TWELVE-MONTH CASH FLOW SNAPSHOT 195 180 58 55 263 Beginning cash (31-Dec-17) CFO CFI CFF Ending cash (31-Mar-18) 6 MASTER AD PLC MANAGEMENT DISCUSSION

beginning of period 50.34 96.78 -46.44 -47.99% Net cash flows from operating activities 152.69 -21.20 173.89 -820.08% Net cash flows used in investing activities -333.77 -18.60 -315.16 -1694.16% Net cash

, the company had beginning cash and cash equivalents of 37.48 million Baht, whereby during the financial period, net cash was increased by 78.10 million Baht. This comprised of the following items: 1