30th Sept 2019 As at 30th Sept 2018 Net cash from (used in) operating activities 125.13 -79.25 Net cash used in investing activities -20.31 -125.16 Net cash from (used in) financing activities -128.54

million which mainly used in the payment of construction for Baht 1,869 million and in payment for additional capital of the associate for Baht 522 million. • Net cash flow from financing activities of Baht

equity of THB 2 9 ,6 7 9 . 9 mm, which increased by THB 1 ,1 4 6 . 5 mm from THB 2 8 ,5 3 3 . 4 mm as of 31 December 2017, mainly from increase of the Company’s retained earnings Cash flow analysis Q1 2017

2% Total liabilities plus shareholders equity 1,440.79 982.48 458.31 47% Golden Lime Public Company Limited 7 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 3.3. Cash Flow

27,423.6 mm, which increased by THB 5,461.3 mm from THB 21,962.3 mm as of 31 December 2016, mainly from increase in non-controlling interest in WHAUP after its IPO. Cash flow analysis Q3 2016 Q3 2017 THB mm

million. • Net cash flows used in financing activities Baht 138 million. Mainly came from the finance costs paid Baht 110 million which mostly from subsidiary, repayment short-term loans from related party

increase in retain earning. However, the Company had an impact from adoption of new accounting standard (TFRS 15) reflecting Gheco- One. Cash flow analysis Q2 2018 Q2 2019 THB mm THB mm Net cash generated

alleviate import duty tax, VAT and penalty burden Baht 17 million.  Net cash flows from financing activities Baht 992 million. Resulted from the Company entered into loan Agreement with Link Capital I

assets and the adoption of TFRS 16  Net profit from operation was THB 51mn, an increase of 25.0%  Cash flow for the quarter from operating activities remains positive at THB 65mn KEY BUSINESS AND

flow were as follows: Page 6 of 8 2.1.1 Cash and cash equivalent of Bt1,320.7 million which cash flow summarized for the period of nine months of 2019 were below;- - The Group’s net cash from operation