coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio

THB 937. 94 million, current portion of long-term loans from related persons of THB 393.00 million and other current liabilities of THB 163.26 million. Due to its strong position in cash flow and

1,314. 36 million, and other current liabilities THB 160.98 million. Due to its strong position in cash flow and liquidity, the Company and its subsidiaries can repay the debt obligations including trade

obligations including trade payables and other payables, short term loans, the current portion of long- term loans from financial institutions, and interest expenses. The repayment can be made from cash flow

strong position in cash flow and liquidity, the Company and its subsidiaries can repay the debt obligations including trade payables and other payables, short term loans, the current portion of long- term

platforms to serve both consumers and enterprises. Our VDO platform called AIS PLAY received higher awareness and was listed among the top five of video-viewing applications with current active subscribers

, AIS had total assets of Bt296,634mn increasing 2.1% from end-18 mainly driven by higher cash, partly offset by depreciated network and lower accounts receivable. Current assets also increased from a

Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

was 1.1x while interest coverage ratio stood at 13x. Cash flow In 1H19, operating cash flow was Bt38,000mn increasing 10% YoY from EBITDA expansion and a settlement in international roaming charges. The

Dec 2017 Liquidity Ratio Current ratio (time) 0.46 0.60 Quick ratio (time) 0.44 0.56 Cash flow ratio (time) 0.71 0.91 Profitability Ratio(1) Gross profit / total sales and services revenue (%) 50.37