THB 372mn. Interest expenses increased by THB 12mn from THB 10mn to THB 22mn in this quarter. The increase was the result of an increase of loan for financing the Rabbit Group acquisition in March 2017

-bearing Debt to Equity (Times) 2.26 2.12 Cash Flow (Unit: Baht Million) H1/2019 H1/2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 78 138 (44

Flow As of 30 June 2019, the Company had cash and cash equivalents of THB 2,661 million, decreased by THB 1,825 million from 31 December 2018. The Company had cash flows from operating activities of THB

activities 712 Cash flows from investing activities Purchase of property, plant and equipment (5) Net cash from (used in) investing activities (5) Cash flows from financing activities Repayment of liabilities

% YoY from THB 1,238mn to THB 1,779mn Interest expenses increased by THB 56mn from THB 32mn to THB 88mn in 2017/18. The increase was mainly from an increase of loan for financing the Rabbit Group

Interest-bearing Debt to Equity (Times) 2.49 2.30 Cash Flow (Unit: Baht Million) 31 Dec 2019 31 Dec 2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities

flow position because debt services declined follow with Availability Payment. For SPP business, total sale volume of 8 SPPs continue to grow but the negative impact from a planned maintenance shutdown

Discussion and Analysis (MD&A) For Q3/2017 25 Table 6 : Condensed Statement of Cash Flow Unit : Million Baht Jan - Sep 2017 Cash flows from financing activities Finance costs paid (755) Repayment of

. Financing Costs The financing costs from financial institutions for the fiscal year 2018 and 2019 were in amounts of 1.92 million and 6.88 million respectively, increasing by 258.6%. The proportion of

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