activities amounting to 8.67 million baht. Moreover, cash used in financing activities amounting to 47.40 million baht which mainly used in dividend paid for 25.20 million baht and loan repayment for 14.86

amounted to Baht 38.1 million, which mainly due to dividend payment to shareholders paid at Baht 52 million and long-term loan repayment paid Baht 17.2 million. Cash received from long- term loan with

decrease of 6.7% yoy due to partial long-term loan repayment. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 4 Net Profit The company reported 1Q18 net profit of THB 259 million, a

) million baht. It was since the company had repayment to bank continuously. Financial position as at September 30, 2018 The group’s assets increased by Baht (144.39) million, mainly due to the following

31% as compared to the same period last year of 260 million Baht. This was due to continuous effort in debt repayment in forms of Bill of Exchange, debentures and financial institution loans. The

in short-term loan to related parties of THB 571.1 mm, mainly from loan repayment from an associated company. Liabilities As of 31 December 2019, the Company had total liabilities of THB 49,163.2 mm

according to the initially adopted TFRS 16 on contracts - Long-term borrowings from financial institutions decreased 10.38 Million Baht, or 9.88% due to the repayment during the period - Short-term borrowings

for the MRT Purple Line Project (the MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement) to financial liabilities which measured at

: Leases, whereas the interest payment on interest bearing debt has decreased from the bond repayment in the fourth quarter of 2019 and second quarter of 2020. 6. Income tax expenses were Baht 301.11 million

of revenue and profit margin from such project with lower production cost than projected. • Redemption of debenture in January 2020 in the amount of THB 300 million • Repayment of account payable in