-term borrowing facility increased due to an increase in the amount of Promissory Notes (PN) used which is the lowest cost of financing. Non-current liabilities have decreased as the Saraburi Acquisition

, mainly from increase in non-controlling interest in WHAUP after its IPO. Cash flow analysis Q2 2016 Q2 2017 THB mm THB mm Net cash generated (used in) from operating activities (618.0) 270.9 Net cash

(Times) 2.14 2.00 Cash Flow (Unit: Baht Million) 31/3/2019 31/3/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 37 84 -56% Profit (loss) from

-bearing Debt to Equity (Times) 2.14 2.00 Cash Flow (Unit: Baht Million) 31/3/2019 31/3/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 40 84 -52

used in investing activities 3.11 10.19 Net cash from (used in) financing activities 57.12 -10.47 Effect of exchange rate to cash and cash equivalent 0.09 -0.09 Net increase (decrease) in cash 33.40 0.08

the amount of Promissory Notes used which is the lowest cost of financing. Non-current liabilities have decreased as the Saraburi Acquisition loan and the Hua-Pha-Way Kiln 7 loan continue to be repaid

). If the Company loses such legal action, its assets may be seized be law enforcement and auctioned off to repay the debt since the Company has no cash flow or any other source of financing that can

Bt109,700mn with a net debt to EBITDA of 1.4x, stable from 2016, and maintained an investment grade credit rating at BBB+ for S&P. Cash Flow In 2017, AIS generated Bt65,528mn of operating cash flow ( after tax

amount of Baht 24.13 million or 32.88% as follows: 9 .1 Employee benefits expense increased in amount of 9.95 million Baht. This came from increment of number of staff to support new incoming projects. 9.2

the increased in the incoming CPO volume from contractors. 3. Cost of Sea Freight Service AIL has stopped its serviced June 2017. Selling Expenses The company’s selling expenses as of the 3rd quarter of