or 86.7%, due mainly to an increase in share capital from the private placement in December 2017. LIQUIDITY AND CASH FLOW (THB mn) *After tax and net tax refund (THB 246mn) and interest expense (THB
the industrial land during this period as well. 4. Increase in investments in associates of THB 2,411.5 mm due to raising of share of profit from investments in associates and capital increase in
caused from increase in sales and service income and gross profit. Including the cash management from capital increase from IPO by temporarily prepaying loan, resulting in decrease in financial cost of the
compared to the year 2017 of 2,262 million Baht. This was mainly due to the proceeds from the capital increase of 3,894 million Baht. However, in Q2 2018, the Company sold its assets in joint venture in
an increase in share capital from the private placement in December 2017 and retained earnings. LIQUIDITY AND CASH FLOW (THB mn) *After tax and net tax refund (THB 275mn) and interest expense (THB 83mn
to refinance the existing bank loan and hence reducing finance costs. The other Baht 1,000.0 million was for future investment and working capital for business operations. In 2Q2018, the AGM approved
associates and capital increase in associates proportionately. 2. Increase in investments in joint ventures of THB 300.6 mm, due to capital increase in joint ventures proportionately. 3. Increase in investment
capital increase from IPO by temporarily prepaying loan, resulting in decrease in financial cost of the Group. 9 30 June 31 December 2020 2019 THB Mn THB Mn THB Mn % Cash and cash equivalents 276.7 71.9