financial strength as the key raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, its high profitability, and reliable cash flows. The Board of Director’s meeting No. 9/2561

statement of cash flows for year ended 31 December 2017, comparative information, were adjusted according to the accounting policy changes. The impacts on the consolidated statement of financial position and

Public Company Limited Management Discussion and Analysis for the Year 2018 Page 8 of 14 Liquidity Cash Flow Activity In 2018, the Company and its subsidiaries generated cash flows from operating

value as at December 31, 2019 was THB 10. 86 per share, slightly increased from THB 10.15 per share in 2018. Liquidity Cash Flow Activity In 2019, the Company and its subsidiaries generated cash flows

Activities For the nine-month period ended September 30, 2017, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 2,352.62 million, increased by THB 450.58

foster marketing position of energy drink under Carabao trademark in the large and high potential growth regions of the UK and other overseas markets outside Asia;  Diversify source of revenue flows and

high potential growth regions of the UK and other overseas markets outside Asia;  Diversify source of revenue flows and reduce degree of reliance on energy drink market in Thailand; and  Pursue growth

1,643.70 9.66 1,748.35 10.14 GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 3 of 15 Consolidated Cash Flows Statements of GFPT Public Company Limited and its

Cash flow from operating activities 19,804 3,216 23,020 Cash paid for interest expense and tax (470) - (470) Net cash flows from operating activities 19,334 3,216 22,550 Net cash flows from investing

employees. Such lease covers the space necessary for actual utilization and it is located in the same area as the current office, which would be convenient and efficient in terms of management and work flows