of 58% YoY. Page 8 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 30 June 2018 31 December 2017 % Change Cash and cash equivalents 134 100 +33% Trade receivables 729 781

as at 30 September 2019 was 2.49:1. There was not significant change compared to the debt to equity ratio as at 31 December 2018, which was 2.54: 1. 6 Liquidity Cash flows Unit: Million Baht Q3’ 2019

statement of debenture issuer, deducted by cash and cash equivalents" to" the total liabilities only with the interest-bearing debt as shown in the consolidated financial statement of the debenture issuer

decrease was due to the increase of liabilities and the decrease of shareholders’ equity. Liquidity Cash flows Unit: Million Baht Q1’ 2020 Q1’ 2019 Cash flows from (used in) operating activities 210 869 Cash

according to the additional paid up in the capital of GPSC’s associate and in increase in assets, and property plant and equipment (PP&E). Moreover, for the year 2017, GPSC and its subsidiaries had net cash

cash and cash equivalents and property, plant and equipment. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31 December 2017 31 December 2016 Trade

19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q1/2019

100,229.43 101,251.90 (1,022.47) (1.0) 3.1.1 Cash and cash equivalents decreased in the amount of THB 6,778.09 million (the details are described in no.4). However, current investments increased in the amount

% 396.54 258.16 54% % Net profit margin 18% 18% 0% 21% 16% 5% Non-controlling interest 0.12 (0.51) -123% 0.65 3.62 -82% Net profit attributable to The Company 81.74 70.55 16% 395.89 254.54 56% * Non-cash

book value and near market value Payment term By cash with 90 days of credit term The reason In order to reduce outstanding of unused equipments and create maximum benefits for the Company and its