.2019 VARIANCE VARIANCE (%) Cashflow from Operating Activities I&I GROUP PUBLIC CO.,LTD. AND ITS SUBSIDIARIES 42,238.62 12,549.08 29,689.55 236.6%

derivatives trading activities after having accessed the EY information system which contained clients’ audited, but yet to be disclosed, draft financial statements under responsibility of the audit group under

subsidiaries of THB 305mn. MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 6 CASH FLOW As of 31 December 2019, the Company had net cash from operating activities of THB 290mn

following items: 1) Net cash received from Operating Activities totaling Baht 1,133.15 million Baht from the net income netting off with the changes in assets and liabilities from operations. 2) Net cash used

company increased by Baht 1,154 million or 118% from Q4/2018 and increased by Baht 646 million or 43% from Q1/2018. The increase was mainly due to improved operating results of the Sriracha Power Plant and

pickup in economic activities. If excluding loss from sale and revaluations of foreclosed assets, operating expenses for 1Q21 totaled Baht 2,223 million, declining by 2.1% comparing to 1Q20 mainly from the

Company and its subsidiaries have the cash flow from operating activities in the amount of THB 609 million, which increased by THB 60 million from the previous year resulting from ( 1) the increase of the

promotional activities to prompt customers’ spending, such as organizing the HomePro Fair at Muangthong Thani and in Hat Yai, as well as the ‚23rd Anniversary Day‛ campaign during 29th August – 29th September

) (80.9) (153.0) (146.4) Net profit from ordinary activities attributable to the parent 341.3 314.3 300.6 (4.4%) (11.9%) 985.0 941.5 (4.4%) * Extraordinary items from non-operating, consists of unrealised

by Baht 34 million and the subsidiary increased by Baht 330 million) or increased by 141% from year ended 2018 since the Company and subsidiary has  Net cash flows provided by operating activities