exchange rate changes on balances held in foreign currencies (302.90) Net cash decrease during the year (131.75) 4.1 Net cash from operating activities increased cash flow in the amount of Baht 8,207.42

. Liquidity Cash Flow Activities For the three- month period ended March 31, 2019, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 304.79 million, decreased

10/12 Consolidated Statement of Cash Flow 2018 2017 + (-) % (in million Baht) Cash flows from operating activities Profit (loss) for the period 495 1,963 (296%) Adjustments for - - Depreciation and

from THB 10.15 per share as at December 31, 2018. Liquidity Cash Flow Activities For the six- month period ended June 30, 2019, the Company and its subsidiaries generated cash flows from operating

million. The net positive cash flow in working capital came from down-sizing amounts of account receivable and inventory, while net negative cash flow locate in payment of trade payable. Net cash flow from

into such transaction is disclosed to the SET. 3.3 Reasons of entering into the transaction Currently, the Company encounters the situation of the lack of financial liquidity and the cash flow for the

the Company had cash dividend payment. However, there was the increase in retained earnings during this period as well. Cash flow analysis 1H 2017 1H 2018 THB mm THB mm Net cash generated (used in) from

and Analysis for the 2nd Quarter 2018 Page 8 of 13 Liquidity Cash Flow Activities For the six-month period ended June 30, 2018, the Company and its subsidiaries generated cash flows from operating

consolidated book value as at September 30, 2018 was THB 9.97 per share, slightly increased from THB 9.63 per share as at December 31, 2017. Liquidity Cash Flow Activities For the nine-month period ended

to produce newspapers or other publications. In the event that the Company is able to complete all assets disposal transactions, the Company will have more cash flow as if were a cash company, but that