identified and verified to support deposit account opening and sim card registration. 6 Forth Smart Service Public Company Limited (FSMART) 2Q18 Management Discussion and Analysis Furthermore, the Company
structure and sufficient debt capacity. 7. The basis used to determine the value of consideration 7.1 The final bid value of spectrum license is based on the auction identified under the Notification of the
according to the initially adopted TFRS 16 on contracts previously identified as leases according to TAS 17 Leases, and depreciation expense during the period amounting of 20.04 Million Baht. Net effect of
an extraordinary resolution shall be identified. In case of requesting the resolution to revise the mutual fund scheme or the method of management, such resolution shall not be in conflict or
operating activities 1,760.6 422.7 Net cash generated (used in) from investing activities 2,144.2 354.4 Net cash generated (used in) from financing activities (4,596.6) 477.5 Net increase in cash and cash
-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
generated (used in) from investing activities (299.7) 1,574.7 Net cash generated (used in) from financing activities (134.0) (847.2) Net increase in cash and cash equivalents (1,051.8) 998.5 Cash and cash
stringent residential financing granting measure has not negatively affected the operation as the Company has the policy to develop project which has average selling price per unit higher than THB 10mn and
) from financing activities (700.7) (807.3) Net increase in cash and cash equivalents 1,022.1 (721.2) Cash and cash equivalents - ending balance 2,930.0 2,439.0 1. Cash flows from operating activities The
further BOI tax optimization. Net income was slightly down year-on-year given the higher depreciation and financing cost, despite the improvement in EBITDA 3.2. Assets, Liabilities & Shareholders’ Equity