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

positive cash flow in working capital came from smaller amounts of account receivable and inventory over net negative cash flow for payment of trade payable. Net cash flow from investing activities was

Statement of Cash Flow GJS บริษัท จี เจ สตีล จำกัด (มหาชน) G J Steel Public Company Limited Management Discussion and Analysis Q1/2020 G J Steel Public Company Limited Page 8/13 Unit : Million Baht Jan - Mar

Comprehensive Income) THB 2.3m - Recognized loss in Profit and Loss Statement THB 2.3m Change in fair value of interest rate swap - cash flow hedges Interest rate swap - Unrecognized change in fair value

cash and cash equivalents (69.66) Net cash decrease during the period 2,329.06 4.1 Net cash used in operating activities decreased cash flow in the amount of THB 1,624.64 million. The reason was the