). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to

(2,326) (5,146) -54.80 Deferred Tax: -Tax income(expense) movement in temporary differences (1,830) 374 -589.30 Tax income (expense) recognized in profit or loss (4,156) (4,772) -12.91 5. Commitments and

at the end of each month to the client within the seventh day of the following month, except there is no transaction which affects the movement or change of the assets under custody of the securities

the client within the seventh day of the following month, except there is no transaction which affects the movement or change of the assets under custody of the securities company. In case the client

crowded places, asked for people cooperation to work from home and imposed the curfew from 10 p.m. to 4 a.m. starting from April 3, 2020 in order to limit the movement of people, which led to the decrease

profit of THB 64 million , and other operating activities of THB 827 million which attributable to a decrease from accounts receivable and inventory; 2) Cash flow spent for investing activities of THB 45

equity of THB 2 9 ,6 7 9 . 9 mm, which increased by THB 1 ,1 4 6 . 5 mm from THB 2 8 ,5 3 3 . 4 mm as of 31 December 2017, mainly from increase of the Company’s retained earnings Cash flow analysis Q1 2017

equity included with equity attributable to owners of the Company of THB 2,528mn and non-controlling interests of the subsidiaries of THB 189mn. CASH FLOW As of 31 December 2018, the Company had net cash

2% Total liabilities plus shareholders equity 1,440.79 982.48 458.31 47% Golden Lime Public Company Limited 7 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 3.3. Cash Flow

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