value of consideration According to the agreed price between the purchaser and the seller by consideration of reasonable value and the rate of return from investment by Discounted Cash Flow Model. The

financial status and evaluate the assets of Hero Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years, with 1,200,000 users and

share, slightly increased from THB 8.60 per share as at December 31, 2016. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2017 Page 8 of 13 Liquidity Cash Flow

10,262 8,720 18% Total equity 13,341 10,868 23% Total liabilities and equity 31,907 32,615 -2% Management’s Discussion and Analysis (MD&A) For Q3/2017 22 Table 6 : Condensed Statement of Cash Flow Unit

Experience. Sims based its evaluation on the Discounted Cash Flow Approach, assuming that the business has been operating for 9 years, which is the duration according to lease agreement of 3 years with

XPCL is in totally value of Baht 2,065 Million, as appraised based on the Discounted Cash Flow Approach, which reflects the future operational results of XPCL. Furthermore, such value of the disposition

of Baht 2,065 Million, as appraised by Advisory Plus Company Limited, the Company’s financial advisor, based on the Discounted Cash Flow Approach, which reflects the future operational results of XPCL

million or 1.4% as compared to THB 14,320 million as of 31 December 2018 due to an increase in cash of THB 251 million thanks to the improved cash flow from operation netting off the cash flow from

investment start to flow back to USA, US Dollar start to get stronger in the long term (Source: The bank of Thailand). The overall global aviation industry in the first quarter of 2018, a growth in passenger

, compared from the previous quarter. In addition, in term of the currency, Thai Baht and other currencies get stronger again US Dollar. However, due to the capital, and investment start to flow back to USA