Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December 2018 Raimon Land Public Company Limited | 27 February 2019 1 / 5 Major Events in Q4/18 and
million, consisting of (1) cash inflows from operating activities before changes in operating assets and liabilities of Baht 37 million; and (2) cash inflows from net change in working capital of Baht 81
118 million, consisting of (1) cash inflows from operating activities before changes in operating assets and liabilities of Baht 40 million; and (2) cash inflows from net change in working capital of
performance Operating performance in Q1/2018, the revenue of mobile phone distribution slightly decreased by 1.1%, compared to Q1/2017. The business of non-performing loan management, however, increased by 50
and its subsidiaries generated net increase in cash from operating activities of Baht 166.38 million, consisting of baht 231.96 million positively from operating performance and net negative working
current building utilisation and lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group has no net interest bearing debt and operating working capital is
lead time to construct new plant or expand in an existing plant. Source of Financial Capital As the group as no net interest bearing debt and operating working capital is positive the groups Page 2 of 3
existing plant. Source of Financial Capital As the group as no net interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Page 2 of 3 Major
Capital As the group as no net interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Page 2 of 3 Major Factors which could have an Impact on the