prior to the dissolution of the foreign entity under the specific conditions and period of time. Clause 35 In the case of secured bonds, whether the collateral of such bonds is provided at the time of

-employee benefit obligations was Baht 59 million. Page 26 5.4 Cash Flow Analysis As of December 31, 2019 cash and cash equivalents were Baht 20,488 million, decreasing by Baht 14,389 million comparing to

subsidiaries, associated and joint ventures decreased by 4,120 million Baht and lastly, a decrease by dividend payment in the amount of 3,554 million Baht. 5.4 Cash Flow Analysis As of December 31, 2017 cash and

impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in

the Discounted Cash Flow and the Precedent Transaction Comparables. The preliminary assumptions used in the valuation based on the Discounted Cash Flow are as follows: 8 Number of years used for

cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in associates increased by 4.4%. However, if excluding the FX impact and one-time loss items

Page 6/ 7 Jaymart Public Company Limited decline. In addition, JAS Asset is aware of the period of crisis. Cash flow in operations is important to business operations. JAS Asset has conducted

reported Bt78,670mn increasing 3.9% from higher retained earnings. Cash flow For 1H21, AIS generated operating cash flow (after tax) of Bt41,269mn, decreasing 2.5% YoY. For investing activities, Cash CAPEX

and license payable to EBITDA was at 2.2x. Total equity was at Bt82,402mn, increasing 0.7%. Cash flow In 1H22, cash flow from operation (after tax) reported at Bt36,203mn, decreasing -12% YoY following

secured corporate bonds, whether the collateral of such bonds is provided at the time of making an offer for sale of such bonds or thereafter, the collateral of such bonds shall have the following